JAVED MAHMOOD, SADIQ RIZVI KARACHI - Intense buying continued at the Karachi stock market as investors celebrated the reduction in NSS rates and hike in domestic fuel oil prices. The KSE 100-index added 227 points or 3.13 percent on Thursday. The bourse kicked-off confidently crossing the 7,500 psychological mark and after a long time proper trading activity was witnessed. Market remained in the green zone till the end of the day and closed at 7,498.34 with a handsome gain of 227.62 points. The stock market moved forward in a fast and furious manner to recover the lost strength to close near 7,500 points mark. Worth noting is that in last two days the KSE 100-index had gone up by 336 points and mounted to 7,495 points level on Thursday, from 7,162 points on Tuesday. On Wednesday the index gained 109 points while the 100-index added another 227 points on Thursday amid a buying spree triggered by the hike in domestic oil prices and cut in the rate of return on the National Saving Schemes. Another interesting development is that the Karachi Meezan Index known as Islamic index of stock market has been outperforming the other indexes. On Thursday the KMI gained 339 points as compared to 288 points increase in KSE-30 and 227 points growth in KSE-100 index. Karachi Meezan Index had been introduced a couple of months back that comprises those companies that are not involving in interest-based business. Investors need to wear the seat belts all the time during the current bullish phase as speed bumps may damage this current sentiment. It is more about the investors confidence rather liquidity constrains which hampered the investor confidence. More or less method of collection and implementation of FED replacing CVT and confusion related to its implementation kept investors away from investment, said Shahid Ali, CEO HMFS adding now the confusion is more or less clear, so it is the time to invest and reap the benefits of buying shares at discounted prices. During the months of May and June, market was unable to breach the ceiling of 7,561 and 7,210 level, but now it seems that index may breach this barrier. Healthy trading activity was witnessed as compared to the last trading session while the market volume stood at 195.946 million shares against last sessions 104.614 million shares. Trading value of the stock market inched up to Rs10.116 billion on Thursday from Rs4.919 billion of last session on Wednesday. Market capitalisation increased to Rs 2.213tr as compared to last sessions Rs 2.150tr. Market posted a strong gain of Rs63 billion in one trading session. Out of 296 actively traded scrips at the stock market, as many as 195 companies advanced, 84 declined and the vale of 16 stocks remained unchanged. Majority of the top tier stocks were back in action and reached the top volume leader board. Once again, cement giant DGKC was crowned as the volume leader of the day with a turnover of 23.893 million shares, followed by PTCL with 14.617m shares, OGDC 13.589m shares, JSCL 12.017m shares, Lucky Cement 11.662m shares, AHSL 9.857m shares, NBP 7.106m shares, FFBL 6.226m shares, Engro Chemical 5.916m shares, Pak Oilfields 5.8m shares. Top gainers at the KSE include Unilever Pak, up by Rs24.45/share and closed at Rs1,975, Attock Petroleum gained Rs15.46/share to close at Rs347.21, Colgate Palm added Rs13/share and its value as improved to Rs293, Wyeth Pak up by Rs11.49 and closed at Rs1272.49 with the trading of only 20 shares, Fazal Textile added Rs11/share to close at Rs376, Exide Pak gained Rs7.64/share, closing at Rs160.59, Pak Oilfields gained Rs7.38 and closed at Rs156.35. On the other hand, Thal Industries down by Rs4.53/share and closed at Rs45.27, Dadex Eternit lost Rs3.95/share and its value was decreased to Rs75.05 with the trading of only 100 shares, Hinopak Motor down by Rs3.50/share and closed at Rs150, Shield Corp down by Rs2.99/share to close at Rs56.91, Haseeb Waqas lost Rs2.16/share and closed at Rs41.05, Sanofi Aventis down by Rs1.67/share, closing at Rs107.50.