ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index was down by 5.90 points to close at 2888.52 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the local stock markets remained range-bound because the investors preferred to be sideline.
"Rather than taking new positions in the markets, the majority of jobbers off-loaded the positions whenever the index gets the strength", he said adding there was not any negative sentiments which has been seen in the markets.
However, the low-priced shares were to be seemed most traded in the local bourse because the punters preferred to trade on deliverable scrips instead of trading by using leverage, he stated.
Total volume of shares traded was 10,000, which was down by 17,000 as compared to a day earlier's closing.
Out of 120 companies' shares traded, the price of 48 was increased while the price of 72 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.95.00 while the price of top loser Siemens Pakistan Engineering decreased by Rs.314.49.
Bank of Punjab remained volume leader on Thursday with volume of 10,000 shares.
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