KSE comes to a two-dimensional close

KARACHI: Karachi Stock Exchange (KSE) ended almost flat on Wednesday as investors sold shares at higher levels but bargain hunters accumulated fertiliser shares following an increase in urea prices, dealers said.

The KSE benchmark 100-share index ended 0.04 percent, or 4.25 points, higher at 12,059.07.

Volume was 117.8 million shares, compared with 141.7 million shares traded on Tuesday.

"There was some buying in the fertiliser sector following a rise in urea prices which would increase their earnings," said a leading broker.

Fauji Bin Qasim ended 2.28 percent higher at 62.68 rupees and Fauji Fertiliser closed up 2.53 percent at 184.90 rupees. (Reuters)