The most accepted theory of regulation of stomata by guard cells is K+ ion pump theory which was proposed by Levitt in 1974. According to this theory, there is accumulation of K+ ions in the guard cell during the day time.
During the day time, a rise in pH causes hydrolysis of starch and an organic acid phosphoenol pyruvate is formed which combines with available CO2 to produce malic acid. The malic acids dissociate to produce H+ and malate. The H ions are pumped out of guard cells and in exchange K+ ions are pumped into the guard cells from the adjacent subsidiary cells. This is followed by entry of Cl− ions into the guard cells. This increases the osmotic concentration of guard cells and water is absorbed by the guard cells from the adjacent epidermal or subsidiary cells. As a result, guard cells swell up and this leads to opening of stomata.