Stocks end flat at KSE

KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended flat on Thursday in thin trade as investors remained cautious ahead of the monetary policy and budget announcements for 2011/12 fiscal year, dealers said.

The monetary policy is due to be announced on Saturday while the budget for 2011/12 fiscal year is due to be announced on May28.

The Karachi Stock Exchange's benchmark 100-share index ended 0.05 percent, or 5.80 points, lower at 11,878.81 on turnover of 40 million shares.

Volume reached an eight-month low on Wednesday as only 36.77million shares were traded. (Reuters)