KARACHI - KSE rose for the third consecutive session on last business day on Friday, as sentiment remained positive due to expectations that State Bank of Pakistan will cut its key discount rate next week by 100-150 basis points. The KSE 100-index gained 0.63 per cent or 48.59 points to close at 7,764.01. Positive developments on the political and foreign relations front gave the market men yet another reason to stay optimistic. A dull yet positive opening geared up with renewed buying interest mainly in the stocks having the property of gaining from the various factors those have negative impact on economy, mainly the stocks pegged with dollar and exporting concerns, oil and gas exploration stocks led the gains while cement stocks led the turnover duly support by low priced stocks. With economic indicators supporting the decline in interest rates likely to be announced in upcoming monetary policy, except for volatile law and order situation on macro and lingering ready board leverage issue on micro, no major hurdles are in sight that can disrupt the momentum, stated market expert Hasnain Asghar Ali. The local bourse opened 28.96 points up and index kept moving up and down throughout the trading sessions. Trading activity was decreased as the ready market turnover came down to 183.829m shares as compared to last trading sessions 194.360m shares. Total trading value of the market remained Rs10.342b against Rs10.303b of last session. Market capitalisation increased to Rs 2.285tr from Rs 2.271tr of last session. Of 288 active stocks at the local bourse, at least 157 advanced, 108 declined and the value of 23 cos remained unchanged. Buying activity was witnessed in the result announcement session as SBP data revealed that Pakistan current account deficit shrink by 36 percent to $8.86bn for fiscal year ending 2009. Moreover, recovery in Global Capital Markets and continuing foreign interest played a catalyst role in positive activity, said Ahsan Mehanti of Shehzad Chamdia Securities. DGKC showed itself a true volume leader with a turnover of 14.962 million shares on Friday, followed by Pace Pak with 13.337m shares, FFBL 13.120m shares, JSCL 11.756m shares, Pak Oilfields 9.397m shares, AHSL 8.946m shares, OGDC 8.721m shares, PPL 8.498m shares, WorldCall 6.854m shares, Azgard Nine 6.657m shares, Lucky Cement 5.734m shares namely. Leading gainer at the KSE include Siemens Pak Engineering, up by Rs46.05/share to close at Rs967.05 with the trading of only 100 shares, Fazal Textile added Rs13.75/sgare, closing at Rs332, Millat Tractor gained Rs11.06/share and its value was improved to Rs299.06, Attock Petroleum up by Rs10.25/share and closed at Rs356.94, Wyeth Pak added Rs10/share to close at Rs1,299, Colgate Palm gained Rs8.51/share to close at Rs301.51. Conversely, Unilever Pak down by massive Rs49.73/share and its total value was decreased to Rs2,000 with a small turnover of 200 shares, Indus Motor lost Rs4.07/share to close at Rs126.72, Shell Pak lost Rs3.24/share, closing at Rs224.72, Attock Refinery down by Rs2.99/share and closed at Rs149.24, EFU Life down by Rs2.89/share and closed at Rs110.09, EFU General lost Rs2.82/share to close at Rs99.21.