LAHORE - The last day of business week Friday was the fourth consecutive day in Karachi Stock Exchange when bourse witnesses bullish activities where self-assured investors remained busy in share trade frequently and propel the market to land into positive column at the closing time which gained 3.7467 per cent following the buying in leading scrips by government institutions as well as local investors. The Karachi Stock Exchange's benchmark KSE-100 index gained 194.20 points to close at 5,377.42 points as compared to 5,183.22 points on Thursday. Volume remained at 190,797 million shares significantly downward compared to Thursday which is far below the average of 250 million shares traded daily last year. The market opened on Friday with positive note and gained near 100 points within hour but within first session the bourse went down slightly on account of profit taking tactics of traders while the second session the bourse further gained some points and at the closing time of the market achieved near two hundreds points. 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 such high level. But afterwards traders took profit-taking out of the shares trading and bourse reversed slightly and 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 fourth consecutive day. On average since (December 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 Foreign investors so far had withdrawn $440m of a total of $1.8b in holdings from the KSE in 2008. Meanwhile, the KSE-30 index also landed into advance column and gained 233.86 points wrapped up at 5,195.81 points while KMI-30 index also gained 288.17 points closed at 7,182.92 points. On Friday at KSE, volumewise leader remained NIB Bank shares. At KSE, NIB Bank being volumewise leader gained its value of Re 0.68 closed at 6.00 with volume of 26,650,000 shares followed by OGDC also gained its value of Rs 1.87 closed at Rs 45.97 with volume of 22,846,800 while WorldCall Telecom landed in the positive column and gained Re 0.16 closed at Rs 3.27 with volume of 10,045,000 shares traded. Arif Habib Security, Sui South Gas and PTCLA also gained their values of Re 0.77, Re 0.98 and Re 1.00 closed at Rs 18.41, Rs 14.22 and Rs 15.71 with volumes of 9,758,900, 6,545,500 and 6,392,900 shares traded respectively. Nishat Mills (R) and Prud Mod First, however, lost their values of Re 0.15 and Re 0.02 closed at Rs 1.94 and Rs 1.00 with volumes of 3,820,700 and 3,227,000 shares respectively. Hub Power, Maple Leaf Cement and Bank Al-Falah also gained their values of Re 0.35, Re 0.46 and Re 1.00 closed at Rs 16.10, Rs 4.39 and Rs 13.89.