LAHORE - Bullish trend in Karachi Stock Exchange on second consecutive day Wednesday intact and restored investors and brokers confidence when bourse landed into positive column throughout the day and gained 3.366 per cent following the buying of eight leading shares by govt institutions as well as local investors; eventually provided relief to worried traders and investors when bourse regained psychological 5,000 points barrier. The Karachi Stock Exchange's benchmark KSE-100 index gained 167.38 points to close at 5,139.93 points as compared to 4,972.55 points on Tuesday. Volume remained at 248.809 million shares significantly upwards compared to Tuesday 194.227 million shares which was near to average of 250m shares traded daily last year. The market open on Wednesday with positive note and this trend remained constant throughout the day. However, bourse above 100 points fluctuated but market recovered simultaneously and remained positive till the closing of the market. This positive trend of market, according to brokers, is because government institutions like NIT with the held of market supporting fund bought eight leading scrips and gave support to market. The buying pressure remained continue after volatile sea-saw and local investors combined with government owned organisations dragged the market to positive zone. The fact is that market supporting fund today worked rightly and restored investors confidence. On average since (December 15), net foreign selling has reached to$3.7 million per trading session. Within just 23 trading days, the foreign investors have already sold shares of over $85 million, he added. Foreign investors so far had withdrawn $440 million of a total of $1.8 billion in holdings from the KSE in 2008. While LSE gained 71.56 points as LSE-25 closed at 1,435.75 shares as compared to 1364.19 points on Tuesday wherein 22,086,400 shares were traded compared to 16,369,400 shares on Tuesday - a significant increased - while 52 remained equal, 8 shed values and 54 scrips moved up. At KSE, 195 scrips recorded gain, 76 landed in the negative column and 9 scrips remained unchanged out of a total of 278 cos. Meanwhile, the KSE-30 index also landed into advance column and gained 232.04 points wrapped up at 4,872.78 points while KMI-30 index also gained 271.89 points closed at 6859.62 points. On Wednesday at KSE, volumewise leader remained WorldCall Telec shares. At KSE, WorldCal Telecom being a wolumewise leader gained its value of Rs 0.26 closed at Re 3.10 with volume of 44,080,000 shares followed by NIB Bank which also gained its value of Re 0.96 closed at Rs 5.52 with volume of 33,534,000 shares while Oil and Gas Dev which also landed in the positive column and gained its value of Rs 1.73 closed at Rs 43.63 with volume of 29,138,700 shares. PTCLA, BankIslami Pakistan and Arif Habib Sec. Also gained their values of Re 1.00, Re 0.04 and Re 0.41 closed at Rs 13.78, Rs 6.25 and Rs 18.64 with volumes of 12,875,400, 11,863,000 and 7,094,300 shares traded respectively. However, Pace (Pak) Ltd and Adamjee Insur lost their values of Re 0.30 and Rs 1.25 closed at Rs 8.44 and Rs 45.02 with volumes of 5,789,500 and 4,645,600 shares respectively.