ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bearish trend as the index shed 52.97 points to close at 2651.20 as compared to previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Jeewan told APP that the profit- booking by local and foreign investors was seemed in the local stock markets.
He said that the foreign investors had off-loaded the major positions to take profit, adding that some of them also had taken the fresh positions when the index went down.
"Moreover, the decline of the oil price in the international market also has supported the bearish trend because it will decrease the profit of oil companies and in addition, it will also affect earning per share (EPS)", he added.
He stated that the regional stock markets were seen consecutively under pressure because the crisis emerged in the World due to euro crisis.
Total volume of shares traded was 3,100, which was down by 21,559 as compared to a day earlier's closing.
Out of 125 companies's shares traded, the price of 30 was increased while the price of 95 decreased.
The price of top gainer Siemens Engineering was increased by Rs.15.13 while the price of top loser Unilever Pakistan decreased by Rs.85.16.
Fauji Fertilizer, OGDC and United Bank remained volume leaders on Tuesday, with volume of 2,000, 1,000 and 100 respectively.
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