ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 49.27 points to close at 2674.66 as compared to previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the positive announcements by the government caused bullish trend in the local trends.
"Finance Minister, Dr Abdul Hafeez Sheikh visited the Karachi Stock Exchange (KSE) on January 21 and announced the exemption of Withholding Tax (WHT) and the collection of Capital Gain Tax (CGT) by National Clearing Company of Pakistan instead of Federal Board of Revenue (FBR)", he added.
He said that the minister also declared that it would not be necessary for the investors to disclose the source of their income.
Total volume of shares traded was 198,717, which was down by 24,580 as compared to a day earlier closing.
Out of 131 companies traded, the price of 104 was increased while that of 27 decreased.
The price of top gainer MCB Bank was increased by Rs.7.99 while the price of top loser Siemens Pakistan Engineering decreased by Rs.11.83.
Bank Al-Falah (BAFL), D.G Khan Cement (DGKC) and Bank of Punjab (BOP) remained volume leaders on Monday, with volume of 55,900, 40,391 and 30500 shares respectively.
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