KARACHI - The last day of the week proved to be a very good day for the stock market as the KSE 100-index gained 226 points; crossing the psychological barrier of 8,500 on the back of foreign investment in oil and bank sectors. The index closed the week at 8,541 points. Investors took position in blue chips on account of good results announcements in banks, oil and cement sectors. While, production increase in Kandhkot field owned by PPL, rise in international oil prices and expectation on issue of Rs.90 billion bonds on August 31 for resolution of circular debt issue of OMCs, IPPs, and refineries played a key role in positive activity at the local bourse. Reduction in discount of Pakistani bonds listed in international market, provided yet another trigger to the local bourses, wherein, the sentiment was re-established by the cheapest stock of oil and gas exploration sector, PPL as buying by both local and foreign participants continued, thus, extending the momentum other stocks of the sector. Being heavily weighed, the gains allowed the benchmark to continue the momentum. The index kicked-off the day with a gain of 9.04 points and performed brilliantly throughout the session. It closed the day at 8,541.22 points with a solid gain of 226.06 points. Moreover, the KSE 30-index crossed the 9,000 points barrier and closed at 9,187.48 with a gain of 255.64 points. Trading activity was much healthier compared with last trading session. The ready market volume stood at 204.652 million shares on Friday against last trading sessions 118.974 million shares on Thursday. Total trading value of the market edged up to Rs 10.696b as compared to Rs 8.408b of last session. Market capitalization increased to Rs 2.501tr, showing a handsome gain of Rs 61b in just one day. Out of 372 actively traded stocks at the KSE, 222 gained value, only 124 declined while the worth of the shares of 25 cos remained unchanged. Accumulation in MCB led the sentiment in other sector stocks some witnessed re-gearing after the announcement of their six moth financials while the leading stock of the sector, NBP likely to announce its six months results, failed to stay at par with MCB on gains. Healthy profits announced by yet another low price stock Pak PTA allowed substantial rise in turnover that stayed comparatively low in proportion to the prevailing sentiment, the stock contributed 35 percent to the total turnover. Pak PTA was crowned as the volume leader of the day with an impressive turnover of 56.688 million shares, followed by OGDC with 12.242m shares, NBP 10.236m shares, AHSL 8.734m shares, PPL 8.456m shares, DGKC, 7.690m shares, JSCL 7.616m shares, Pak Oilfields 7.151m shares, NIB Bank 5.563m shares, Lucky Cement 5.343m shares namely. Star performers at the stock exchange include Nestle Pak (SPOT), up by Rs48.91/share to close at Rs1,049.90, Dreamworld added Rs27/share, closing at Rs567 with the trading of only 1 share, Bata Pak gained Rs25.15/share and its total value was improved to 825.15, Wyeth Pak up by Rs19.20/share and closed at Rs1,167, Unilever Foods added Rs16/share to close at Rs1,419. On the other side, Rafhan Maize lost Rs45/share to close at Rs1,530 with the trading of only 6 shares, Unilever Pak down by Rs21.84/share and its total value was decreased to Rs2,253.41, Siemens Pak Engineering lost Rs20/share, closing at Rs1,060, Treet Corporation down by Rs18.99/share and closed at Rs415, Berger Paints down by Rs3.61/share to close at Rs75.38. Rise in demand of Pakistani bond is likely to provide the international fund managers to look at local bond and equity market, while, local investors due to absence of leverage continue to participate with the available resources, said market expert Hasnain Asghar Ali.