Pakistan's benchmark Karachi Stock Exchange 100-Index Wednesay surged 216.00 points or 2.42 percent to close at 9,154.99, KSE 30-Index went up 268.37 points or 2.85 percent to end at 9,683.94, whereas KSE All Share Index increased 146.74 points or 2.31 percent to finish at 6,503.25. The market opened in positive territory over major gains made by the Pakistan Army in its operation against the Taliban in South Waziristan where it captured Taliban stronghold Sararogha. The session remained in the positive territory all day long and the 100-Index hit an intraday highest level of 9,170.40 in the afternoon. But the trade volume remained moderate at 131.868 million shares. Banking, chemical, textile and fertilizer sectors led the shares. Analysts told Xinhua that the market was oversold for quite some time and its fundamentals were hinting at a strong rally, but the main hurdle was lack of positive triggers. The analysts also said confidence of foreign investors was shaken by the terrorists' activities in Punjab and North West Frontier Province. Of the 400 active scrips, 258 advanced, 126 declined whereas 16 remained unchanged. Jahangir Siddiqui Company Limited (JSCL) ranked first in terms of trade volume with 20.844 million shares changing hands. Arif Habib Securities Limited (AHSL) and Pakistan PTA Limited (PPTA) ranked second and third with 8.919 million and 7.248 million shares respectively. 