KARACHI - The discovery of additional oil & gas reserves, recently announced by the OGDC, kept the bulls rolling on Monday as the KSE-100 index added 16 points and closed at 9,075 points. Unfortunately, the announcement failed to gear-up turnover although the index heavy weight and other comparatively expensive stock of the sector witnessed renewed selling on strength, switching led accumulation in the comparatively cheaper stock of the sector thereby neutralized the impact to certain extent. During the month foreign investors has already invested over $ 90 million, which can be the reason behind the market performance. Recommendation by FM regarding exempting NPLs from taxes infused new spirits amongst the banking stocks, mainly low priced stocks, those led the turnover, stated analyst Hasnain Asghar Ali at Aziz FidaHusein. It is worth mentioning that the sector stocks hit worst by NPLs were already geared up as the news that FSV is likely to be increased and NPLs treatment might be offered relaxation by the authority is already awaited. OGDC and PPL invited investor interest on Nashpa discovery. While second tier banks remained in limelight on strong valuations. Moreover, limited foreign interest, positive valuations on Nishat Group scrips played a catalyst role in positive activity at KSE. The benchmark-100 index kicked-off the day with green numbers, up by 43.72 points and remained positive till the day end and closed 16.48 points above at 9,075.25 points. However, KSE-30 index closed at 9,676.15 points with a loss of 22.89 points on Monday. The trading activity in the market remained depressed as the ready market volume squeezed to 145.818 million shares, compared to 197.684 million shares in the last trading session. Total trading value of the exchange decreased to Rs7.165 billion from Rs11.188 billion last week. Market capitalization stood over Rs2.638 trillion as compared to Rs2.634 trillion of last session. Out of 380 active symbols at the KSE, at least 178 gained value, 188 lost and the worth of the shares of 13 cos remained unchanged. PNSC and NML continued its upward search, while JSCL lost the momentum after registering sizable gains. The Banking twins lost some ground and did not contributed much towards the market performance. Furthermore, oil companies were not in a mood either to move head with in a speedy manner. Bank Al-Falah was witnessed as the volume leader of the day with the trading of 11.624 million shares on Monday, followed by Pak PTA with 11.025m shares, AHSL 7.838m shares, DGKC 6.687m shares, OGDC (SPOT) 6.403m shares, NML 6.211m shares, BOP 6.088m shares, ANL 5.353m shares, JSCL 5.250m shares, NBP 4.971m shares namely. Top gainers at the market include Wyeth Pak, up by massive Rs57.11/share to close at Rs1,267.11, Nestle Pak gained Rs21/share and its total value was increased to Rs1,101, Bata Pak added Rs20/share, closing at Rs1,000 with the trading of only 4 shares, Shell Pak (SPOT) up by Rs11.34/share and closed at Rs270.50, Fazal Textile Limited added Rs11.27/share to close at Rs501. On the other hand, Pak Services lost Rs11.75/share to close at Rs223.39, Millat Tractors down by Rs10.18/share and its value was decreased to Rs309.71, Pak Engineering down by Rs8.48/share, closing at Rs210, JS Global down by Rs6.21/share and closed at Rs118.04, Javedan Cement lost Rs5/share to close at Rs100 with the trading of only 1 share.