KARACHI - The stock market recovered some losses on Thursday as foreign buying boosted investor sentiment, while NBPs record result announcement, rise in international oil prices, expectation of appointment of finance minister played a catalyst role in the positive activity despite institutional profit-taking throughout the session The KSE benchmark 100-share index, which opened in the green zone with a gain of 6.94 points, rose 92.10 points, or 0.98pc, to end at 9,511.53 points after falling to a more than two-month low the previous day. On the other hand, the KSE 30-index closed at 9968.78 with a gain of 119.07 points. The KMI 30-index closed at 14212.16 with a gain of 100.09 points. All shares index closed at 6726.16 with a gain of 65.08 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 160.836m as compared to last trading sessions 115.865m. Future market volume, however, stood at 3.062m shares as compared to 1.401m shares of last trading session. Market capitalization stands over Rs2.721tr, as total trades increased to 95,257 as compared to last trading sessions 65,958, while 221 companies advanced, 149 declined and 18 remained unchanged. Highest volumes were witnessed in NBP at 29.205m closed at Rs92.45 with a gain of Rs4.25 followed by JSCL at 13.883m closed at Rs22.10 with a gain of Rs1.05, LOTPTA at 10.765m closed at Rs9.86 with a gain of 0.58. The news that had impact on trading activities were: Naseem Baig meets Prime Minister; PSO receives Rs 1.28 billion from Kapco and Hubco; OGDC wellhead gas prices up 3.5pc; KSE approves listing, quotation of FFCL shares; and several budget targets likely to be missed. After a brief consolatory bull-run, which can be termed as technical pull back, the sell-off triggered after the initial hour and even the expensive stocks that were overlooked in previous session became the victim of distress selling. The way selling was executed was a clear Sell and Run wherein the stocks trading with the topping of dividend faced the axe of 'clearance sale, which was under taken by local participants or by the financers. Hasnain Asghar Ali at Aziz Fida Husein said, 'Call to stay cautious continues with selective approach for trading and placement, while a sell call in the expensive stocks, excitement led short term positions on technical calls can be taken, with identified stop losses and holding period, to avoid getting stuck in desperate sell-off, which usually follows stagnation.