ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index gained 6.75 points to close at 2587.01 as compared the previous day trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the expected positive announcement of financial results of corporate sectors caused the positive sentiments in the local markets.
He said that the December was the month of closing accounts of companies listed in all stock exchanges of the country and the investors were expecting more returns from corporate sectors. "The buying was seemed in the oil sector because it is performing better than other sectors", he added.
In today's trading, the volume of shares was 4,910, which was down by 64,590 as compared to previous day's closing.
Out of 106 companies' shares traded, the price of 66 was increased while the price of 40 decreased.
The price of top gainer Siemens Pakistan Engineering was increased by Rs.16.54 while the price of top loser Fauji Fertilizer Bin Qasim (FFBL) decreased by Rs.1.47.
Lotte Pakistan PTA, National Bank of Pakistan (NBP) and FFBL remained volume leaders, with volume of 2,000, 1,800 and 1,000 shares respectively.
Currency expert, Faheem Akhtar told APP that the pressure on the Pak Rupee was to be expected in near futue in the market because of the increasing demand of import bills.
He said that Pak Rupee closed at Rs.90 against the dollar while witnessing no major change in the price as compared to the last day's closing.
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