ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 12.62 points to close at 3212.20 as compared to the previous day's trading.
Stock Analyst of Aba Ali Habib Pvt Ltd, Zaheer Ahmed told APP that the positive sentiments rally was led in the local stock market due to the expectation of better earnings of corporate sector.
"The results session has started with the positive announcement of Fauji Fertilizer Bin Qasim (FFBL) and the market is expecting Rs.16 earning per share (EPS) from Fauji Fertilizer Corporation (FFC) because its result is to be announced in this week", he added.
FFC has already announced Rs.10 dividend in last three quarters and in the fourth quarter, the investors are expecting Rs.5 dividend, Ahmed told.
He said that the punters had taken positions in the fertilizer and cement sector but turnover had witnessed a decline.
A total volume of shares traded was 25,500, which was down by 116,500 when compared it with a day earlier's closing.
Out of 130 companies' shares traded, the price of 65 was increased while the price of 65 decreased.
The price of top gainer Mitchell Furit Farma was increased by Rs. 15.00 while the price of top loser Unilever Pakistan decreased by Rs. 69.67.
Fauji Cement Company, Askari Bank Ltd and Maple Leaf Cement remained volume of leaders, with volume of 10,000, 5,000 and 5,000 shares respectively.
Comments
Comments are closed for this article.