Islamabad Stock Exchange index witnesses bullish trend
ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Thursday witnessed bullish trend as the index gained 5.35 points to close at 2492.71 against the previous day's closing.
Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that due to attractive level of index of markets, the buying by major institution which caused positive sentiments in the local equity markets.
He said that the major positions was taken in the oil and fertilizer sectors when the scrips of these sectors passed through lower level in the equity markets.
When the Fauji Fertilizer Corporation (FFC) was at lower circuit breaker, but due to the heavy buying by investors, it closed five rupee above the lower lock.
Stock Analyst, First National Equity Pvt Ltd, M.M Hassan said that due to the visit of Hillary Clinton for improving relations attracted the investors to take positions.
He said that the selected buying by major investors was witnessed in the selected counters.
Total shares traded were 42,310, which was down by 113,466 as compared to previous day's trading.
Out of total 119 companies, the price of 71 was increased while the price of 48 decreased.
The price of top gainer Unilever Pakistan was increased by Rs196.57 while the price top loser National Refinery decreased by Rs11.08.
Fatima Fertilizer, Arif Habib Corporation (AHCL) and Bank of Punjab (BOP) remained volume leaders on Thursday, with volume of 14,000, 10,100 and 5,000 shares respectively.
Copyright APP (Associated Press of Pakistan), 2011
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