KARACHI- The Karachi Stock Exchange continued its upward movement as the market crossed the 7,800 psychological barrier on Wednesday after the KSE-100 index added another 38 points to close at 7,835 points. Foreign inflow mania was quite visible during the session and even the local participants joined the band wagon with the foreign participants. Unstable and weak local currency and speculations about the upcoming trade and monetary policy affected the investors sentiment at the local bourse. Market has shown once again that fundamental does matter a lot as essential features of stocks eventually reflected in the stock prices. FY09 and 1HCY09 results will probably change the market direction as soon as major movers and shakers start dictating the market moves, said Shahid Ali at HMFS. During the day, market gained around 100 points, but lately the market gains washed away and restricted the index to close at 7,835 points. The benchmark-100 share index witnessed intra-day high of 7,896.19 points on Wednesday. The index added 38.47 points to close the day at 7,834.69 points. Trading activity at the market was much improved as the market turnover increased to 144.924 million shares as compared to 127.843 million shares of last trading session. Total trading value of the KSE inched up to Rs 9.861b from Rs 8.530b of last session. Moreover, Market capitalization moved up to Rs 2.310tr against last sessions Rs 2.299tr. Out of 416 actively traded stocks at the stock exchange, at least 194 managed to advance, 198 declined while the worth of the shares of 24 cos remained unchanged. Lucky Cement can be termed as lucky for the market as Lucky announced extraordinary results, surprise the investor community with an earning of Rs14.12/share along with dividend of Rs4/share. As a consequence, Lucky hit the top spot on volume leaders board along side with DGKC. OGDC did perform as well to push the index upwards. MCB bank result is the next big result, which may tune the rest of the banking sector. NBP forfeit substantial ground as it lost over 4 percent during the day. Lucky Cement was witnessed as the volume leader of the day with a healthy turnover of 25.310 million shares Wednesday, followed by OGDC with 12.526m shares, DGKC 11.475m shares, Fauji Cement 6.360m shares, PTCL 6.049m shares, NBP 5.966m shares, Adamjee Insurance 4.767 million shares, Pak Oilfields 4.530 million shares, AHSL 3.898 million shares namely. Top gainers at the bourse include Unilever Pak, up by Rs25.13/share to close at Rs2,125.15 with a small turnover of 188 shares, Wyeth Pak added Rs23.17/share, closing at Rs1347.17, Treet Corporation gained Rs17.26/share and its total value was improved by Rs441.26, Attock Petroleum up by Rs17.02/share and closed at Rs380.58, Millat Tractor added Rs12.69/share to close at Rs313.09. On the other side, Unilever Foods lost Rs73/share to close at Rs1,415 with the trading of only 1 share, Indus Motor down by Rs8.47/share, closing at Rs161.04, Exide Pak lost Rs4.98/share and its value was decreased to Rs143.02, Siemens Pak Engineering down by Rs3.70/share and closed at Rs1,075, NBP lost Rs3.25/share, closing at Rs64.51, AHL down by Rs2.90/share to close at Rs78.74.