KARACHI - The KSE 100-index could muster nominal 14 points on Wednesday as investors preferred booking profit for the second consecutive day while benchmark closed the day at 8,058 points. The KSE sustained a decent surge during the session mainly due to positive activity in main board banking stocks, confirmation of MCB-RBS transaction and whispers of consistency in earnings likely to be announced by NBP. Besides the banking stocks, cement, textile and oil & gas exploration stocks witnessed stock swapping, wherein the stocks trading at higher multiples were switched with those trading at comparatively low multiples, thus having a neutral to positive impact on the index, besides providing trading opportunities to the market men as reflected by decent turnover. Rise in dollar reserve of the country due to release of third tranche by IMF did allow the local currency to find stability. Besides actions being undertaken by the authorities to reduce creation of artificial demand of dollar is likely to divert local liquidity to available liquid investment modes, stated research analyst Hasnain Asghar Ali. Moreover, limited interest of state run funds provided support to the market throughout the session. Sell-off initiated after nil dividend announced by PSO was duly neutralised as the textile stocks, after reiteration of aggressive textile export target of $25 billion witnessed renewed buying interest, with big announcements coming, mixed to negative reaction is expected from at par or below expectation announcements. The benchmark 100-index share kicked-off the day with green numbers, adding 27.46 points and index witnessed intraday high of 8,135.36 points on Wednesday. Later index closed the day at 8,058.46 points with a gain of 13.96 points. Trading activity was further increased to 218.108 million shares as compared to last trading sessions 200.809 million shares. Total trading value of the stock exchange decreased to Rs 10.448b from Rs 13.299b of last session. Market capitalisation stood over Rs 2.374tr against Rs 2.370tr of last trading session. Out of 408 actively traded scrips at the KSE, as many as 180 gained value, 195 lost and the worth of the shares of 32 cos remained unchanged. Reduction in cement prices locally, however, never allowed the sector stocks to recover from deep red. Stock having competitive edge over exports, however, invited accumulation on dips. Surprisingly, TRG Pak was crowned as the volume leader of the day with a healthy turnover of 30.522 million shares on Wednesday, followed by DGKC with 20.392m shares, JSCL 16.495m shares, ANL 15.432m shares, AHSL 13.218m shares, JS Growth 10.386m shares, NBP 8.539m shares, NML 8.220m shares, PPL 7.361m shares, HUBCO 6.766m shares namely. Prominent gainers at the Karachi market include Nestle Pak, up by Rs49.89/share to close at Rs1,100, Treet Corporation gained Rs25.67/share, closing at Rs557, Dreamworld added Rs17.50/share and closed at Rs538 with the trading of only 2 shares, Al-Ghazi Tractor up by Rs8.99/share and its total value was improved to Rs189.97, Ferozsons Lab added Rs7.18/share and closed at Rs172.18. On the other side, Unilever Pak down by Rs36/share to close at Rs2,071 with the trading of only 1 share, Fazal Textile lost Rs20.75/share, closing at Rs354.25, Wyeth Pak down by Rs8.01/share and its total value was decreased to Rs1,338.99, Indus Motor down by Rs7.22/share to close at Rs147.29, BOC Pak lost Rs6.49/share and closed at Rs123.49, Siemens Pak Engineering down by Rs5.38/share, closing at Rs1,139.62.