KARACHI - The Karachi stock market rose slightly on Friday in low volume ahead of the weekend as investors remained cautious on the economic costs following the devastation caused by the floods. The benchmark KSE 100-index closed at 9,860.35 with a gain of 12.75 points. The KSE 30-index closed at 9806.97 points with a gain of 2.77points. The KMI 30-index closed at 15159.70 with a gain of 38.28 points. All shares index closed at 6883.94 with a gain of 38.28 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 43.294 million as compared to last trading session 55.915 million. Future market volume however stood at 1.161 m shares as compared to 2.141m shares of last trading session. Market capitalization stood over Rs2.760trillion. 144 companies advanced, 173declined and 25 remained unchanged. Highest volumes were witnessed in Lotte Pakistan PTA at 7.118 million, closed at Rs.8.10 with a gain of Re. 0.15, followed by Arif Habib Sec at 3.252 million, closed at 25.74with a gain of Rs28, and Silk Bank at 3.284 million, closed at Rs2.65 with a gain of Rs. 0.36. The analysts said index successfully found support due to dDie-hard support from Lotte Pakistan, thereby disallowed the benchmark to stay in deep red zone for long. Trading opportunities due to various snap rallies in specific stocks did keep the day traders active They said turnover however stayed on lower side, as undoubtedly it is the hope of MTS that has pushed various negative development under the carpet. Delay might however re-surface the negative developments, those come from both internal and external fronts. They added that with law and order front still posing a threat, so is the economic environment, the rumour that MTS implementation might face a likely delay, not only created panicky situation amongst the sellers. They informed that the prospective buyers also took a back-foot and awaited the benchmark to find a support. They further said, since main board stocks if valued on local strength without leverage have attainted fair valuations with nothing extra ordinary expected from the result season, except for that in couple of stocks which may announce Stock dividend, it is expected that post results sell-off might continue.