KARACHI - The Karachi Stock Exchange benchmark 100-share index rose 0.51 percent, or 50.45 points to 9,953.07 as investors took fresh positions on hopes of strong corporate results due to be announced in coming days. On the other hand, the KSE 30-index closed at 10366.61 with a gain of 71.37 points. The KMI 30-index closed at 14638.89 with a gain of 88.27 points. All shares index closed at 7057.86 with a gain of 33.30 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 135.843m as compared to last trading sessions 171.970m. Future market volume, however, stood at 2.787m shares as compared to 2.006m shares of last trading session. Market capitalization stood over Rs2.860tr, as total trades decreased to 94,715 as compared to last trading sessions 101,677, while 180 companies advanced, 213 declined and 17 remained unchanged. Highest volumes were witnessed in WTL at 30.659m closed at Rs5.42 with a gain of Re0.26 followed by NBP at 13.512m closed at Rs87.93 with a gain of Rs4.18, JSCL at 13.108mnclosed at Rs. 26.84 with a loss of 1.41. Ahsan Mehanti at Shehzad Chamdia said, Investors remained bullish in banks, oil and gas sector as international oil prices crossed $80 & strong result expectations in banking & insurance sector scrips. After a long time, leading stocks from the banking industry and E&P sector seem to have taken control of the steering wheel in anticipation of healthy returns. OGDC, which is E&P giant, is expected to post its result on February 24, where PKR5.80/share for 1HFY10 is expected. Some news that affected the trading activities were: SBP urged to cut interest rate; local individuals eject $11.62m last week; Govt to devalue rupee if inflation persists, says Tarin; and HBL wrote off loans worth 19.27bn in 5yrs. Hasnain Asghar Ali, a market expert, said, 'Issues linked to economy, likely imposition of CGT on local bourse, with magic rate to be set by FBR, status of existing taxes on trading, absence of flexible ready board leverage product and various issues on other fronts, some insight while other likely to surface, has kept the local participants in a state of confusion. Stocks trading at high multiples, offering low yields and showing decline in revenue flow mainly due to financial constraints and financial and asset mismanagement should therefore be avoided, while dips should be awaited for accumulating stocks, showing consistent growth in revenues and offering decent double digit payout, he added.