KARACHI, Jul. 2, 2009 (Xinhua News Agency) -- Bulls extended their "New Year" celebrations into the second day Thursday as Pakistan's Karachi Stock Exchange (KSE) jumped by over 200 points to end close to 7, 500 levels.

After a red letter day at the exchange for the start of the new

financial year, investors continued to pounce on the opportunities to take fresh positions owing mainly to hopes of new leverage product and decline in rates of national saving schemes (NSS).

Market started the day way into the green zone and remained their all day long as local and foreign investors went on a buying spree that helped the main index to go past psychological levels of 7,500 and hit intraday highest level at 7,505.28, but technical correction and profit-taking towards the end erased little gains.

The benchmark KSE 100-Index bolstered by 227.62 points to finish the positive day at 7,498.34 levels, KSE 30-Index surged by 288.62 points to end at 8,000.53, whereas KSE All Share Index soared by 151.49 points to close at 5,345.92 levels here.

Active investor participation was quite evident on the volume leaders' side where KSE witnessed 195,946,760 turnovers, which are 91,332,240 shares more as compared to first day of Financial Year 2009-10 when market registered 104,614,520 volumes Wednesday.

Bulls reigned on the active issues' chart as well, where a total of 295 equities showed activity, out of which, value of 195 shares advanced, 84 declined, while prices of 16 stocks remained unchanged.

DG Khan Cement came out as the volumes leader of the day with 23,893,400 turnovers, followed by Pakistan Telecommunication Company Limited and Oil and Gas Development Company (OOTC:OLGDF) XD with 14,617, 300 and 13,589,500 volumes respectively.