Which MySQL engine should i use where most operations are read operations

Question

I want to develop an application for which i will need a database to store data. I am using MySQL as backend. My question is Which MySQL engine should i use?

Well, i have mentioned some important characteristics of operations that will be performed on db:

• 99.99% read operations.
• I don't need foreign-keys.
• I don't need transactions.
• Simple read operations and nothing else.

I know that InnoDB is latest default engine in MySQL. But, as far as i can conclude, i don't need most of the features which are main reasons to use InnoDB. So, now i am left with MyISAM.

I am thinking of using MyISAM as i just want to read data from database. I have refered the official documentation for storage engines and also googled it. But, still may be that my knowledge-base is lacking some important updates. So, i am seeking help from community.

Is my choice of using MyISAM storage engine for specified scenario proper?

Thanking Community in anticipation.

I thank ypercube to help me narrow-down my choice.