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 ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 5.79 points to close at 2807.36 as compared to the previous day's trading.

Stock Analyst Sadiq Ahmed told APP that the bullish rally in the local markets was led by banking sectors because of their positive results.

He said that the United Bank Limited (UBL), Meezan Bank, Allied Bank Limited (ABL) and MCB Bank performed well because the major participation of the investors.

Total volume of shares traded was 96,550, which was up by 56,650 when compared to a day earlier's closing.

Out of 128 companies' share traded, the price of 66 was increased while the price of 62 decreased.

The price of top gainer Siemens Engineering was increased by Rs.5.56 while the price of top loser Millat Tractors decreased by Rs.5.40.

Byco Petroleum, Maple Leaf Cement and Bank of Punjab remained volume leaders on Monday, with volume of 25,350, 13,000 and 11,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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