KARACHI - The stocks rose more than 0.50 per cent on Friday as investors bought shares on lower levels after the main index fell 0.90pc the previous day and on hopes of strong corporate results. The KSE100-share index gained 58.05 points to close at 10,153.85. Volume fell to 55.81 million shares compared with 91.69m shares traded on Thursday. Investors bought selective shares on expectations of healthy results but turnover was still on the lower side. Results for the year ending June 30 are due to be announced in the coming weeks. Thr analysts said in their comments that the benchmark KSE 100-index, which opened in the green zone, succeed to maintain its buoyant momentum during rest of the session. The KSE 30 index closed at 10061.75 points compared to 9981.95 points of the previous session with a gain of 79.80 points. The KMI-30 closed at 15329.81 points with a gain of 104.66 points. The KSE-100 all share index closed at 7110.11 points; losing 37.13 pts or 0.05pc. The overall market capitalisation went up by 0.07 and traded Rs 2.852tr compared to 2.838 of the previous session. Out of total 354 cos, 194 closed in the positive zone, 129 in negative while 31remained unchanged. The analysts said the market stayed quite lacklustre with very thin volumes in the first session (15m), this was expected however the benchmark index KSE-100 did not really stay in the negative zone. They said the second half produced better volumes on the back of some positive news in OGDC (discovery at Shekhani Well 1) although the impact was only marginal 0.10 paisa on companys earnings, but did give a positive push in the stock and thus the index due to scrips largest weight in the index. They said ANL became the volume leader and even hitting its upper circuit on the news that they have had a meeting with their bankers for restructuring. They added that the date given by the SECP for the draft on leverage product was also due today and is expected to come positive, this improved the sentiment and the market ended up closing 71 points positive but still under the 10,200 resistance level with relatively better low volumes of 56mn taking into account that most of it was in the 2nd session.