ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index was down by 35.16 points to close at 2868.99 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Sadiq said that the technical correction was seemed in the local stock markets after consecutive bullish trend since many days.
"Moreover, the activity in the market remained normal especially in the power sector due to news of resolving circular debt by the government", he added.
He said that in this regard, the government was planning to get surplus funds of Oil and Gas Development Corporation (OGDC).
"Among other stocks of power sector, Nishat Power Ltd and Nishat Chun Power has performed well because of the investors' major participation", he added.
Total volume of shares traded was 347,200, which was up by 148,880 as compared to a day earlier's closing.
Out of 136 companies' shares traded, the price of 36 was increased while the price of 100 decreased.
The price of top gainer Allawasaya Textile was increased by Rs.6.07 while the price of top loser Unilever Pakistan decreased by Rs.86.43.
NIB Bank Limited, PTCL and Fatima Fertilizer remained volume leaders on Thursday, with volume of 30,000, 25,000 and 11,000 shares respectively.
Meanwhile, the rupee remained stable against US dollar by closing at Rs.90.75 as compared to previous day's closing at Rs.90.75 against the greenback in the inter-bank.
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