KARACHI - The local bourse witnessed a bullish session on Tuesday as benchmark KSE 100-index gained 99 points to close at 9,332 points. The news regarding Adamjee Insurance (AICL) getting into an agreement with Nishat Mills Limited (NML) to acquire stakes in AES Lalpir and AES Pak Gen. was said to be a major positive trigger. Besides, rally in NML and AICL at the end of the session boosted their prices which surged by 3.5 percent and 4.5 percent respectively. The cement sector witnessed some encouraging news after a long wait, as China has sanctioned $700m grant for Pakistan, largely to be spent on the construction of 32 small dams. While LUCK and DGKC gained 2.6 percent and 3.1 percent respectively, and BOP, NCL and JSCL were among those with top volumes, of 10.7m, 12.7m and 8.2m respectively. The KSE 100-index opened in green zone with a gain of 27.23 points and at the end of the day closed at 9332.47, while KSE 30-index closed at 9825.91 with a gain of 120.50 points. KMI 30-index closed at 13570.08 with a gain of 86.08 points. All shares index closed at 6623.93 with a gain of 69.53 points. Trading activity was better as compared to the last trading session as the ready market volume stands at 136.939m as compared to last trading session 78.782m. Future market volume however stands at 3.790m shares as compared to 2.132m shares last trading session. Market capitalisation stands over Rs 2.688tr. Total trades increases to 88,566 as compared to last trading session 56,137, while 239 companies advanced, 147 declined and 25 remained unchanged. A market expert Ahsan Mehanti said the reasons of todays bullish activity ahead of year-end closing were the governments decision to face Supreme Court verdict on National Reconciliation Order (NRO) and accord reached between PPP/PML-N on 17th Amendment in Pakistan constitution. He said the investors took positions on strong valuations in banks, insurance, oil and fertilizer scrips and foreign interest in blue chip scrips and expectation of early launch of leverage products in the market also played a catalyst role in positive activity at KSE. The companies reflected highest increase in their rates were Wyeth Pak Ltd that gained Rs 55/share to close at Rs 1255 and Bata Pak Ltd increased Rs 38/share with the close of Rs 889. On the other hand, Nestle Pak lost Rs 17/share to close at Rs 1205 and Fateh Textile XD that lost Rs 15.53/share to close at Rs 400.