ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Thursday witnessed bearish trend as the index was up by 11.33 points to close at 2856.23 as compared to the previous day's trading.
Stock Analyst of Ismail Iqbal Pvt Ltd Jeewan told APP that the positive results announced by Fauji Fertilizer Corporation (FFC), Attock Petroleum Limited (APL) and Pakistan Oil-fields (POL) caused the markets to remain in the range- bound.
He said that the investors were off-loading the positions rather than taking a fresh position in the markets to book profits this level of the index.
"As the APL and POL announced its positive earning for the nine month of the financial year of 2012 which led the markets into the positive zone", he added.
Moreover, the FFC has announced its earning per share (EPS) of Rs.3.1 along with the cash dividend of Rs.3 per share for fist quarter of 2012.
Total volume of shares traded was 210,180, which was down by 245,077 as compared to a day earlier's closing.
Out of 141 companies' shares traded, the price of 64 was increased while the price of 77 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.96.40 while the price top loser Millat Tractors decreased by Rs.5.06.
Bank of Punjab (BOP), DG Khan Cement and Lafarage Pakistan Cement remained volume leaders on Thursday, with volume of 120,000, 51,500 and 26,000 shares respectively.
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