ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as index gained 8.30 points to close at 2628.35 as compared to the trading of previous day.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the participation in the local markets remained very low because the investor were waiting for the announcement of monetary policy.
He said that despite this, some investors took positions on the selected counters including oil and fertilizer sectors.
Commenting on monetary policy announced on Wednesday, he added that the investors were expecting cut on the discount rate but the being of discount rate at status-quo was a positive sentiment for stock markets.
Total volume of shares traded was 80,108, which was up by 67,108 as compared to the closing of a day earlier.
Out of total 112 companies' shares traded, the price of 65 was increased while the price of 47 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.9.80 while the price of top loser Siemens Pakistan Engineering decreased by Rs.24.74.
Fatima Fertilizer, D.G Khan Cement and Attock Refinery remained volume leaders, with volume of 55,822, 14,500 and 6,000 shares respectively.
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