KSE ends flat as traders stick to sidelines fearing outflows

KARACHI: Karachi Stock Exchange (KSE) closed flat on Wednesday as cautious traders sat on the sidelines fearing more outflows after massive foreign selling a day earlier, Zee Info News reported.

The benchmark 100-Index lost a meager 0.12 percent or 27.59 points to close at 23,060.90.

However better than expected earnings worth Rs.16.63/share coupled with 40 percent cash dividend brought renewed buying interest in Nishat Mills Ltd.

Among star performers, Nishat Mills Ltd strengthened 2.12 percent to close at Rs98.87, while TRG Pakistan Ltd gained 2.97 percent to finish at Rs10.41.