ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index was down by 58.16 points to close at 3206.46 as compared to the previous day's trading.
Stock Analyst, Ibrahim told APP that the pressure was seen in the local stock market due to profit taking by the investors.
"The punters has off-loaded the major positions held by them during last few sessions of market and in addition, they took fresh positions on Thursday but squared up all at the end of day", he added.
He said that the squaring up major positions had put the pressure in the market and the positions were taken in low-priced shares.
There was not any negative news in the market except all this, he told adding that experts were expecting the boost in the market due to the earning the of corporate sector to be announced in the near future.
The total volume of shares traded was 27,000, which was down by 12,000 against the volume of a day earlier's closing.
Out of 133 companies' shares traded, the price of 26 was increased while the price of 107 decreased.
The price top gainer Siemens Pakistan Engineering was increased by Rs. 3.90 while the price of top loser Unilever Pakistan decreased by Rs. 80.77.
Askari Bank, Maple Leaf Cement and Silk Bank Ltd remained volume leaders, with volume of 18,000, 5,000 and 4,000 shares respectively.
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