KARACHI - The Karachi stock market rose on Tuesday after falling almost 3 per cent the previous day as bargain hunters accumulated shares at attractive prices but investors were still cautious amid flood worries. Extremely oversold market did underwent a technical recovery, the dice that witnessed swift recovery was indeed established by the resident participants, wherein some main board stocks managed to enter green zone mainly OGDC that supported the triple digit gain, while some only managed to recover the days loses and come at par with the previous closing. Done to invite the side-liners and short-term traders, the efforts however as expected failed to materialize as majority of the recovering stocks faced off-loading on strength. The KSE 100-share index, which opened in the red zone with a loss of 27.45 points, closed at 9677.88 with a gain of 140.75 points. The KSE 30-index closed at 9610.83 with a gain of 167.98 points. The KMI 30-index closed at 14852.65 with a gain of 183.80 points. All shares index closed at 6768.28 with a gain of 96.35 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 63.810 million as compared to last trading sessions 64.301 million. Future market volume however stood at 2.270m shares as compared to 2.720m shares of last trading session. Market capitalization stood over Rs. 2.715trillion. Total trades increased to 44,463 as compared to last trading sessions 37,468. 205 companies advanced, 126 declined and 18 remained unchanged. Highest volumes were witnessed in AHSL at 10.260 million, closed at Rs26.52 with a gain of Re0.73, followed by JSCL at 7.702 million, closed at Rs11.11 with a gain of Re1.00, and LOTPTA at 5.966 million, closed at Rs7.38 with a gain of Re0.43. The analysts said despite the statement by foreign fund manager in his desperate attempt to at least restrict further decline, opted for verbal exercises for building the local sentiment, did expressed his view stating the undervalued state of the locally listed securities despite massive impact of flooding on almost all the listed stocks. They said except for some short term bets in the cornered stocks wherein trading, volatility and volume generation stays at the mercy of the sponsors activity did witness some activity and volatility, thus, allowing only the close associates to capitalize on the opportunities of short term trades. They added that inability of the benchmark to complete its technical retraced, and display strength instead post-midday stagnation led to reduction in intensity of turnover and value of trades attainted during early hours. They further informed that therefore it is recommended to off-load stocks trading at high multiples, and those facing the financial brunt due to ongoing flooding even if on account of plant and supply closure, while the funds those are bound to stay in the equity markets can be parked in the stocks likely to stay consistent in offering dividends.