KARACHI - The stock market started the new week on a very positive note as the KSE-100 share index added another 179 points on Monday after the S&P upgraded Pakistans sovereign credit ratings to 'B- from 'CCC+. Market showed its real power as it gained momentum from the beginning of the day, while the volume jumped to 145 million compared with 100-110 million average volumes. After market crossed the 8,000 level, market participants become more confident as a result of fundamentally valuable stocks performance. Better result announcement from various stocks as well as expectation keep the market up and running in bullish momentum. Proposal of re-launching CFS, this time supported by a larger population kept the sentiments high, as certainly product with properties of CFS is the only solution to the recent lack lustre situation that has made stagnation led price erosion and inflation a common phenomenon, said analyst Hasnain Asghar Ali. The KSE-100 index kicked-off in green zone with a gain of 19.87 points and at the end of the day closed at 8,287 points, showing a gain of 179.06 points, while, the KSE 30 index closed 225.45 points up at 8,818.15 points. Trading activity was much better as compared to the last trading session. The ready market volume stood at 147.502m shares on Monday as compared to last trading sessions 128.463m shares on Friday. Total trading value of the market inched up to Rs8.408b against Rs 5.375b of last session. Record profit announcement by PPL, Oil & Gas Discovery announcement by OGDC and foreign interest in oil/ telecom/ banks played a catalyst role in positive activity at KSE. Market capitalization stood over Rs 2.434tr as compared to Rs 2.385tr, showing a handsome profit of Rs 49b in just one day. Out of total 383 active symbols at the stock exchange, at least 191 managed to advance, 163 declined and the worth of the shares of 28 cos remained unchanged. PTC, the star of the show, hit the upper circuit breaker quite convincingly. The stock in hands of banks as a result of bank defaults may possibly result in selling price, possibly PTC has crossed the same level. PPL utilized its fifth gear to hit the upper as the result announcement provided the much aviated thrust to the stock. Market has breached its highest level for the year. Apart from that index has also crossed over the December 18, 2008 level from where market began its new journey after closure for a long period. We believe the PTC has the potential and fundamentals to reach greater heights. We continue to keep our cautious but bullish stance on the market, keep the basket enough full that we can breathe and sustain, said market expert Bilal Asif. PTCL was crowned as the volume leader of the day with the trading of 13.630 million shares on Monday, followed by Pak PTA with 12.440m shares, OGDC 12.158m shares, AHSL 9.990m shares, DGKC 7.039m shares, Pak Oilfields5.377m shares, JSCL 5.226m shares, Lucky Cement 5.155m shares, Bank Al-Falah 5.043m shares, PPL 4.993m shares namely. Prominent gainers at the KSE include Unilever Foods, up by Rs54.23/share to close at Rs1,405 with the trading of only 4 shares, Wyeth Pak added Rs51.16/share and its total value was improved to Rs1,188.14, Rafhan Maize gained Rs50.45/share, closing at Rs1,560, Bata Pak up by Rs13.89/share to close at Rs754.14, PSO added Rs9.90/share and closed at Rs283.58. On the other hand, Treet Corporation lost Rs48.14/share to close at Rs457.51 with the trading of only 1 share, Siemens Pak Engineering down by Rs42.50/share and its total value was decreased to Rs1,030, Pak Suzuki lost Rs4.28/share to close at Rs81.44, Thal Industries down by Rs3.99/share and closed at Rs76.37, Gillette Pak down by Rs3.85/share, closing at Rs74.10.