KARACHI - The local equity market witnessed bullish activity on Wednesday, led by foreign and institutional investors interest in blue-chip scrips of the banking, oil and fertilizer sectors. The KSE 100-share index gained 41.60 points to close at 12,474.77 points against previous days close of 12,433.17 points. The KSE 30-share index increased by 19.03 points to close at 11,884.09 points, and KSE all share index rose by 28.50 points to close at 8,642.92 points. Market turnover decreased to 70.32 million shares compared to 88.11 million shares traded Wednesday. Market capitalization stood at Rs3,288.63 billion or $38.15 billion, while trading value was recorded at Rs3.24 million or $37.55 million respectively. Ahsan Mehanti, Director at Arif Habib Investment Limited, said that foreign interest in selected scrips in banking, oil and fertilizer sectors ahead of major earning announcements played a catalyst role in positive activity despite concerns over rising government debt and uncertainty in global capital and commodity markets on sovereign debt crises. Shares of 347 companies were traded. At the end of the day, 137 stocks of the selected companies closed higher, 102 decreased and 108 remained unchanged. Top gainers at the KSE were Azgard Nine, Fatima Fertilizer Corporation, Fauji Fertilizer, Bank Al-Falah and NIB Bank Limited. The stocks of Azgard Nine posted a significant turnover of 6.947 million shares, gaining Rs6.40 to close at Rs6.22 followed by Fatima Fertilizer Corporation with 6.206 million shares, gaining Rs17.68 to close at Rs17.13 and Fauji Fertilizer with 5.785 million shares, gaining Rs166.08 to close at Rs164.54. APP adds from Islamabad: Islamabad Stock Exchange (ISE-10) witnessed bullish trend on Wednesday as the index gained 4.34 points to close at 2785.96 points. Floor Manager First National Equity Islamabad, M.M. Hassan told APP that major participation in the markets of local institutes and foreigners have led bullish rally in markets on Wednesday. He said that these institutions buying were because of expectation of best financial results to be announced in July. Senior Equity Dealer Ismail Iqbal Securities Pvt Ltd Karachi, Zaheer Ahmed told that Securities and Exchange Commission of Pakistan (SECP) had taken some serious steps to promote capital markets few days back. He said that such measures to boost capital markets taken by SECP had increased the confidence of investors especially intra-day investors in the markets. He further added that fertilizer and oil Sectors remained favourite shares. Total shares traded were 24,060, which were down by 24,300 as compared to 48,360 shares traded previous day. Out of 121 shares of companies, 71 companies shares increased while 50 companies shares decreased. The price of top gainer BOC Pakistan increased by Rs3.47 while the price of top loser decreased by Rs.46.91. Fatima Fertilizer, Attock Refinery and Hub Power Company remained volume leaders with volume of 15,010, 5,000 and 1,000 respectively.