Foreign investors continued pouring in big numbers as Pakistan's Karachi Stock Exchange (KSE) recorded major bullish trade on Wednesday with index heavyweights Oil and Gas Development Company and MCB Bank supporting the bullish cause.

The benchmark KSE 100-Index gained 0.91 percent or 270.22 points to 29,996.61 points on Wednesday when compared with 29,726. 39 points recorded on Tuesday.

The KSE All Share Index increased by 0.95 percent or 207.73 points to 21,985.91 points, the KSE 30-Index surged by 0.91 percent or 183.28 points to 20,397.84 points, whereas the KMI 30- Index augmented by 0.89 percent or 428.81 points to 48,808.19 points.

During Wednesday's trading session, the key index touched an intraday high of 30,002.05 points as against an intraday low of 29, 726.39 points.

Continuous support by the foreign fund managers helped the main index to gain further grounds as buying in Pakistan State Oil and National Bank of Pakistan supported the bullish heavyweights like OGDC and MCB.

Market volumes improved by 25.017 million shares to 125.391 million shares on Wednesday as against 100.374 million shares posted on Tuesday, the capitalization swelled by 65.807 billion rupees (685.074 million U.S. dollars) to 6.979 trillion rupees (69. 799 billion U.S. dollars), whereas the trading value gained 822. 486 million rupees (8.224 million U.S. dollars) to 7.077 billion rupees (70.775 million U.S. dollars).

Among 392 active scrips Wednesday, prices of 216 issues advanced, 152 declined, whereas values of 24 other companies stayed unchanged.

Dewan Motors, Lafarge Pakistan Limited and Dera Ghazi Khan Cement were the top traded companies with turnovers of 10.463 million shares, 8.778 million shares and 7.052 million shares, respectively.

Unilever Foods was the top price gainer with increment of 439 rupees (4.39 U.S. dollars) to 9,238 rupees (92.38 U.S. dollars) whereas Colgate Palmolive led the major price shedders with decrement of 43.50 rupees (43.50 U.S. cents) to 1,506.50 rupees ( 15.07 U.S. dollars). Endi

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