ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index closed at 3199.58, up by 43.03 points as compared to the previous day's trading.
Stock Analyst of Aba Ali Habib Pvt Ltd, Zaheer Ahmed said that the ending of long March held by Chief Tehrik-e-Minhaj ul Quran, Tahir ul Qadri after reaching at the 5-points agreement with government has led the bullish rally in the local stock market.
"The market has responded positively to this development of resolution of the issue through dialogue with government which took the sidelined punters toward to the trading floors", he added.
Ahmed said that of total, the major positions taken by the investors were not squared up at the closing of the market because they were expecting more returns from their holdings.
The corporate sector was being expected to announce the results with cash dividend and bonus especially banking and oil sector, he said adding, already Fauji Fertilizer Bin Qasim (FFBL) had announced earnings along with cash dividend which was beyond the expectation of the investors.
A total volume of shares traded was 142,000, which was up by 88,000 when compared it with a day earlier's closing.
Out of 141 companies' shares traded, the price of 124 was increased while the price of 17 decreased.
The price of top gainer National Foods was increased by Rs.12.20 while the price of top loser Sonafi Aventis Pakistan decreased by Rs. 10.00.
Fauji Cement Company, Askari Bank Ltd and Maple Leaf Cement remained volume leaders, with volume of 131,000, 5,000 and 5,000 shares respectively.
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