KARACHI - Market participants celebrated the approval of relaunching of deliverable future contracts on Thursday as the local bourse added 61 points to close at 7,863 points. Moreover, investors remained optimistic throughout the session for significant rate cut in the monetary policy review this weekend. Fresh positions were taken for blue-chip stocks in oil, fertilizer and cement scrips on expectation of record payouts in the result announcement session. The local index kicked-off in green numbers, gaining 57.25 points in the early hours and sustained the positive movement till the end of the day, closing at 7,863.86 points with a gain of 61.05 points on Thursday. The day started with a sudden shift in momentum as market gained over 70 points with in few minutes. Later the market continued to remain strong as bourse hit the intraday high of 7,941 points but later the valuable gains were washed away to close the market at a total of 7,864 points. The index has breeched the highest level of current calendar year of 7,902 points, but selling pressure or fear of 8,000 mark unable the market to close above 7,900 points. 7,900 or 8,000 points is more of a physiological barrier rather anything else. We firmly believe market can swiftly cross the 8,000 mark with in few days. The only thing we require is patience, stated Shahid Ali, CEO HMFS. Trading activity was slightly decreased as compared to the last trading session while the ready market volume recorded at 213.670 million shares against last trading sessions 213.918 million shares. Total trading value of the KSE reduced to Rs 8.524b from Rs 9.895b of last session. Market capitalisation further increased to over Rs 2.315tr as against Rs 2.297tr of last session, showing a gain of Rs 18b. Of 436 actively traded stocks at the stock exchange, as many as 231 managed to advance, 182 declined and the value of the shares of 22 cos remained unchanged. The E&P giant crossed the 90,000 mark and closed above the 90,000 market despite loss of Rs1.25/share. AICL once again crossed over the 100,000 mark and this level may be sustained in the days to come. PTC kept its steady move towards Rs20 level. Engro plunged apart on the back of baseless rumors and lost the earlier gains. Mainly Mansha stocks ruled the top ten volume leading stocks with NML, AICL and DGKC kept on moving forward. Fauji Cement was crowned as the volume leader of the day with a turnover of 16.322 million shares on Thursday, followed by JSCL with 14.279m shares, Maple Leaf 13.849m shares, DGKC 11.153m shares, Azgard Nine 9.119m shares, OGDC 8.493m shares, Nishat Mills 7.527m shares, Bank Al-Falah 7.192m shares, PTCL 7.083m shares, Adamjee Insurance 6.944m shares namely. Leading gainer at the KSE include Rafhan Maize, up by Rs51.25/share to close at Rs1,501.25, Pak Services added Rs8.38/share, closing at Rs190 with the trading of only 1 share, ICI Pak gained Rs6.53/share and its value was improved to Rs148.02, Fazal Textile up by Rs6.25/share to close at Rs315, Mari Gas added Rs5.58/share and closed at Rs164.79, EFU Life gained Rs5.23/share to close at Rs112.77. On the other side, Wyeth Pak lost Rs13.60/share to close at Rs1,236.90, Allawasaya down by Rs4.60/share, closing at Rs87.40 with the trading of only 1 share, Attock Petroleum lost Rs3.22/share and closed at Rs153.36, Siemens Pak Engineering down by Rs2.50/share and its total value was decreased to Rs985.50, Mehmood Textile down by Rs2.49/share to close at Rs50.06, Mithchells Food down by Rs2.34/share.