KARACHI -  Local market back on positive momentum after receiving new buying orders and the new inflation figures also push the market on positive turn, said former director KSE Zafar Motti here on Wednesday.

At local equity market benchmark KSE-100 share index added 209.25 points or 0.95 percent to stop the day at 22189.67 points compared to 21980.42 points of the previous day.  An analyst said that bullish activity continued led by stocks across the board ahead of quarter end results announcements. Rising local cement, petroleum products prices, lower CPI recorded at 7.39pc YoY for Sep ‘13 and expectations on major developments in privatisation of SOEs and 3G licence auctions in telecom sector played a catalyst role in bullish sentiments amid higher trades at KSE despite concerns for unrest in the city. KSE-Allshare index up by 131.11 points or 0.82 percent to end the day at 16067.02 points, KSE-30 share index gained 175.87 points or 1.05 percent to close the day at 16852.31 points while KMI-30 share index grew by 428.89 points or 1.15 percent to finish the trading session at 37868.77 points. Share of 338 companies were traded on third day of trading week where gainers beat the losers 185 to 130 while the value of 23 stocks remained intact.

The day turnover of market in term of shares was 133.669 million shares after opening at 197.252 million shares. Value of trade shares was reduced to Rs 6.569 billion from Rs 7.828 billion and the capitalisation of the market maintained at Rs 5.258 trillion contrast to Rs 5.216 trillion of a day earlier.  PTCLA topped the active list with turnover of 7.820 million shares off by Re 0.23 to 26.58. Telecard Limited was on the second position with 7.382 million shares as it closed at Rs 6.10 after opening at Rs 6.40. It was followed by Bank of Punjab with 7.119 million shares down by Re 0.17 to Rs 11.32, Engro Corporation with 6.696 million shares extended by Rs 6.42 to Rs 143.52 and TRG Pakistan Limited with 5.849 million shares increased by Re 0.20 to Rs 9.77.