ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 61.03 points to close at 2853.15 when compared with last day' trading of 2792.12.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the aggressive buying in low-priced shares caused the positive sentiments in the local stock markets.
He said that the buying was not long-term but it was intra-day because the jobbers took positions for the trading.
"The index was at such stage that majority of the investors were not taking positions in the high-priced shares but only in the low priced shares", he added.
Total volume of shares traded was 184,600, which was down by 13,063 as compared to a day earlier's closing.
Out of 145 companies' shares traded, the price of 105 was increased while the price of 40 decreased.
The price of top gainer Pakistan Oil-fields (POL) was increased by Rs.6.39 while the price of top loser Pak Datacom decreased by Rs.1.81.
Bank of Punjab (BOP), NIB bank and Maple Leaf Cement remained volume leaders on Wednesday, with volume of 50,000, 50,000 and 45,000 shares respectively.
Comments
Comments are closed.