KARACHI (Reuters) - The Karachi stock market ended almost flat as investors booked profit at higher levels after the market rose 1.4 percent the previous day, dealers said. The KSE benchmark 100-share index closed 0.09 percent, or 10.62 points, higher at 11,329.77. Volume was 86.23 million shares, compared with 87 million shares traded on Tuesday. After two days of bullish momentum, the market took a breather to close in a narrow positive territory, said Mohammed Rizwan, a senior dealer at Topline Securities Ltd. In the money market, overnight rates ended flat at 13.40 percent, and dealers said they were awaiting the result of the fortnightly treasury bills auction due to be announced later in the day. Dealers expect cut-off yields to remain largely unchanged. Meanwhile, the Islamabad Stock Exchange (ISE-10) on Wednesday witnessed bearish trend, the index closed at 2447.69 with 6.46 points lower as compared to previous days trading. Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Za Ahmed told APP that the equity market remained range-bound because in keeping a view floods situations in the country, the investors off-loaded major positions for profit-taking. He said that due to major buying participation by local and foreign institutions, markets were bullish for last three consecutive day because before Eid session it remained at oversold position. Stock Analyst and President, Association for Investors Awareness, M.M.Hassan said that institutional and foreign buying numbers yielded bullish sentiment in the local equity markets in the beginning but later it remained range-bound. He said that international Market pressure and political concerns in the country remained sore point and concern for Bull Run along with dull volumes which was a termite for the market. He added further that NETSOL in the back drop of annual result announcement and Engro Foods with sound fundamental outlook remained top pick. Total shares traded on Wednesday were 54,942, which were up by 37,217 as compared to the previous days trading. Out of 117 companies, the price of 68 companies increased while that of 49 companies decreased. The price of top gainer Unilever Pakistan was increased by Rs. 15.00 while the price of top loser Milat Tractors decreased by Rs. 17.62. Lottee Pakistan PTA, Bank of Punjab and Fatima Fertilizer remained volume leader on Wednesday, with volume of 26,000, 10,000 and 5,000 shares respectively.