Karachi: Pakistani stocks ended flat yesterday in thin trade as investors stayed on the sidelines following clashes in the country's financial hub that killed at least 62 people since Monday.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.02 per cent, or 1.63 points, higher at 10,390.27 on turnover of 72.55 million shares. "Investors were cautious amid continued instability," said Samar Iqbal, a dealer at Topline Securities Ltd.
More than a dozen more people were killed overnight in Karachi, deepening fears of instability in the commercial hub after the murder of Raza Haider, a lawmaker in the Muttahida Quami Movement.
Dealers said persistent law and order problems in the city could negate any positive sentiment arising from healthy corporate results.
