A two-dimensional instability analysis for a magneto-keplerian disk fl
ow around a compact object is presented here. Using the eigenvalue tec
hnique, linearly coupled perturbed equations have been numerically sol
ved within the local approximation. It is concluded that Kelvin-Helmho
ltz, magnetosonic (fast and slow) and resistive electromagnetic modes
exist. However, only the magnetosonic mode can destabilise the disk st
ructure. Further, we discuss the properties of different modes as a fu
nction of disk parameters and plot the eigenmode structures for differ
ent physical quantities.