KARACHI - The bulls made a strong comeback at the local equity market on Tuesday as intense buying activity was witnessed in the oversold market, while KSE-100 index gained 1.68 percent or 157 points to close at 9,645 points. The market players took renewed positions in banking stocks as the SBP revised prudential regulations for consumer-financing, allowing forced sale value deduction against outstanding provision for bank loans. Moreover, rise in international oil prices to over $79 played an important role in positive activity despite terror blast in Islamabad near the end of trading session. Cautious accumulation in board stocks continued on the opening mainly by the local participants, thus allowing the benchmark a technical recovery, although various stocks were available at discounts from previous high based on local strength values of certain stocks were termed expensive, thereby disallowing long term placements. Securities (investment) companies, however, continued to invite interest of the local participants thus allowing the companies to keep their top positions occupied in volume leaders. The local bourse kicked-off the day in green zone with a gain of 39.42 points and unlike Mondays session, market remained in positive territory throughout the day and touched sessions highest level of 9,645.92 on Tuesday. However, after adding 157.77 points, benchmark 100-index closed the day at 9,569.06 points. Meanwhile, parallel KSE-30 index closed at 10,126.37 points with a gain of 163.41 points. Trading activity was little bit improved as the stock market volume stood at 221.458 million shares on Tuesday as compared to last trading sessions 211.600 million shares on Monday. Moreover, total trading value of the exchange slightly rose to Rs 11.647b against Rs 10.288b of last session. Karachi market capitalisation surged to Rs 2.770tr as against Rs 2.728tr of last session. Of 417 actively traded symbols at the KSE, at least 244 gained value, 154 lost and the worth of the shares of only 18 cos remained unchanged. On going reforms in the textile sector mainly for exporting concerns such as facility of subsidised oil and direct access to APTMA for upraising their concerns and hindrances to EU authorities in getting enhanced access to EU and offer by EU for extending 'Generalised system of preferences, did invite market reaction as the developments if implemented in true spirit will allow a revival of textile sector which is essential for achieving the high export target, expressed analyst Hasnain Asghar Ali at Aziz FidaHusein. JSCL topped the volume leader list with a handsome turnover of over 24 million shares, followed by Bank Al-Falah with 20.973m shares, AHSL 19.015m shares, Pak PTA 15.825m shares, NIB Bank 8.894m shares, Lucky Cement 8.811m shares, NBP 8.045m shares, UBL 7.764m shares, OGDC 6.932m shares, PTCL 5.577m shares namely. Leading gainers at the stock exchange include Nestle Pak, up by Rs47.51/share to close at Rs1,249, Unilever Pak added Rs27.88/share and closed at Rs2,267.27 with a small turnover of only 57 shares, Attock Petroleum gained notable Rs16.11/share and its total value was improved to Rs368.15, Mari Gas Co. (SPOT) up by Rs14.55/share, closing at Rs305.72, Pak Engineering (SPOT) added Rs12.75/share and closed at Rs267.89. On the other side, Rafhan Maize lost massive Rs78.01/share to close at Rs1,748 with the trading of only 3 shares, Unilever Food down by Rs43.89/share and its total value was decreased to Rs1,300, Wyeth Pak shed Rs33.87/share, closing at Rs1,280, Bata Pak down by Rs33.67/share and closed at Rs886.33, Hinopak Motors down by Rs15.80/share to close at Rs300.37.