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KARACHI: Welcoming the truce at the Kashmir front as offered by Prime Minister Zafarullah Khan Jamali and restoration of air link with India, local capital market set a new record of gain of 194.78 points in one go (or 4.79%) at 4263.07 here Monday.

The last highest gain was 182.47 points on September 18, 2003 while maximum decrease of 206.50 points was experienced by the market on September 16, 2003, followed by 177.38 points loss on September 22, 2003.

The total paid up capital of Rs 311.610 million is another record set this Monday.

The market opened this morning after eid holidays and bulls remained active, keeping the index on higher side with turn over returning to normal. During the holy month of Ramadan, the turnover remained on lower side and the market traded only 167.562 million shares worth Rs 9.393 billion on the last working day before Eid.

However, on the first trading day after Eid, 437.062 million shares worth Rs 25.264 billion exchanged hands. The market capital also surged about Rs 40 billion at Rs 906.389 billion during this period. KSE All Shares Index also gained 114.51 points to 2695.00 or 4.44 %.

Among the highly volatile scrips, Uni Lever made Rs 88 at 1448, followed by Arif Habib Rs 17.30 up at 248.40. On the negative column, Dawood Hercules lost Rs 3.95 at 149 and Mitchells Fruit shed Rs 3.75 at 71.25. On the Future Contract, all the 14 active companies made profits across the board on a total turnover of 86.87 million shares. FF Bin Qasim leading the volume giants, closed at Rs 21.40, followed by PTCL finished the day at Rs 36.55, Hubco at 38.45, PSO at 288.50, DG Khan Cement 42.45, National Bank 50.00, Fauji Cement at 10.90, PIA 19.45, Pak Oil Field at 211.55 and Maple Leaf Cement closed at Rs 27.35.