LAHORE - Thursday was the third consecutive day in Karachi Stock Exchange when bullish activities remained intact and confident investors buy and sell their holdings frequently when bourse landed into positive column at the closing time and gained 0.8422pc following the buying of eight leading shares by government institutions as well as local investors. The KSE benchmark KSE-100 index gained 43.29 points to close at 5,183.22 points as compared to 5,139.93 on Wednesday. Volume remained at 143.884 million shares significantly downward compared to Wednesday trading of 248.809m shares which is far below the average of 250m shares traded daily last year. The market open on Thursday with positive note and gained near 100 points within hour but within first session the bourse went down on account of profit taking tactics of traders. The mid session witnessed the bourse lost its all gained points and landed into negative column but in the second session the bourse recovered and at the closing time of the market remained positive. The positive trend of market, according to analysts, was because government institutions like NIT is actively involved in the market with its market supporting fund which had been allocated to buy eight major ill scrips which would be sale out to expatriate Pakistanis living in different countries of the world. This market supporting fund was the real cause of supporting the funds and dragged the market to 5,234 points. But afterwards traders took profit-taking out of the shares trading and bourse sank to negative note. However, this negative trend could not sustained for a long time and bourse recovered and the gaining spree remained intact on even third consecutive day. On average since (Dec 15), net foreign selling has reached to$3.7m per trading session. Within just 23 trading days, the foreign investors have already sold shares of over $85m, he added. Foreign investors so far had withdrawn $440m of a total of $1.8b in holdings from the KSE in 2008. While Lahore Stock Exchange gained 11.23 points as LSE-25 closed at 1,446.98 shares as compared to 1,435.75 shares on Wednesday trading. wherein 15,287,000 shares were traded as compared to 22,086,400 shares on Wednesday. while 57 remained equal, 36 shed values and 23 scrips moved up. At KSE, 97 scrips recorded gain, 185 landed in the negative column and 6 scrips remained unchanged out of a total of 288 companies. Meanwhile, the KSE-30 index also landed into advance column and gained 89.17 points wrapped up at 4,961.95 points while KMI-30 index also gained 35.13 points closed at 6894.75 points. On Thursday at KSE, volumewise leader remained OGDC shares. At KSE, OGDC being volumewise leader gained its value of Re 0.47 closed at 44.10 with volume of 15,933,400 shares followed by NIB Bank which landed in the negative column and shed its value of Re 0.20 closed at Rs 5.32 with volume of 10,395,500 shares whereas PTCLA gained Re 0.93 closed at Rs 14.71 with volume of 9,945,200 shares. WorldCall Telecom and Jah. Sidd Co also gained their values of Re 0.01 and Rs 1.27 closed at Rs 3.11 and Rs 26.70 with volumes of 9,835,500 and 91,65,100 shares respectively. Mybank Ltd and BO Punjab dipped their values of Re 0.32 and Re 0.38 closed at Rs 3.72 and Rs 9.12 with volumes of 8,660,000 and 5,880,100 shares respectively. Hub Power, Faysal Bank and BankIslami Pakistan also gained their values of Re 0.02, Rs 1.00 and Re 0.32 closed at Rs 15.75, Rs 11.62 and Rs 6.75 with volumes of 3,462,000, 3,191,500 and 2,720,000 shares respectively.