ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index was up by 19.21 points to close at 3159.49 as compared to the previous day's closing.
The improving political situation in the country led the positive sentiments in the local stock market, said Zaheer Ahmed, Stock Analyst of Aba Ali Habib Pvt Ltd while talking to APP.
Besides, the expectation of the positive earning of the corporate sector to be announced in the near future has also helped the market to close at green area, he added.
Ahmed told that due to this, the punters were seen very busy in the intra-day trading especially in the cement and banking sector.
The major positions were taken in the low-priced scrips including banking and cement and these positions were not squared up at the closing of the bourse which was the positive indication for the capital market in the future, Stock Analyst further said.
A total shares traded was 73,500, which was up by 54,500 when compared it with a day earlier's closing.
Out of 137 companies' shares traded, the price of 82 was increased while the price of 55 decreased.
The price of top gainer Abbot Laboratories was increased by Rs.9.20 while the price of top loser Gatron Industries decreased by Rs. 5.90.
Fauji Cement Company, Maple Leaf Cement and Askari Bank remained volume leaders on Thursday, with volume of 33,500, 20,000 and 10,000 shares respectively.
Meanwhile, Karachi Stock Exchange (KSE-100) also witnessed bullish trend as it closed at 16291.09, up by 109.62 points against its closing of a day earlier.
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