KSE 100-share Index slips 10 points

KARACHI: The local equities at Karachi Stock Exchange (KSE) ended almost flat on Wednesday as investors selling fertiliser shares balanced bargain hunters banking on hopes of healthy corporate results, dealers said.

The benchmark KSE 100-share Index ended 0.08 percent, or 10.37 points, lower at 12,433.17.Volume was 83.24 million shares, compared to a five-month of 88 million shares made the previous day.

"Investors booked profits in the fertiliser sector as they had been performing in the previous few sessions," said Sajid Bhanji, director at brokers' Arif Habib Ltd.

"However the positive momentum of the market is likely to continue because of the result season."

Corporate results for the year ending June 30 are due to be announced in the coming days. (Reuters)