Karachi: On the Pakistan stock market, the index ended almost flat amid extremely thin trade as investors stayed on the sidelines awaiting clarity on economic losses following the floods and on talks between the International Monetary Fund (IMF) and Pakistani authorities.
The KSE benchmark 100-share index ended up 0.03 per cent on turnover of 19.6 million shares.
"The market witnessed extremely low volume, clearly showing investor sentiment remains weak as IMF has said it would give $450 million to Pakistan but did not say anything about releasing the next tranche and what conditions would be imposed," said Ahfaz Mustafa, managing director at Esmail Iqbal Securities Ltd.
The IMF said it would give Pakistan $450 million (Dh1.6 billion) in emergency aid and disburse funds in September to help the economy cope with the devastation.
