ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bearish trend as the index was down by 5.91 points to close at 2931.22 as compared to the previous day's trading.
Talking to APP, Stock Analyst M.M Hassan said that the technical correction was seemed in the local stock market because the investors had booked the profit when the index got the strength.
Despite profit taking in the market, the Pakistan State Oil (PSO) remained most traded scrip due to announcement of the bonus shares a day earlier by the PSO, he added.
Besides oil sector, the major positions were taken in the cement and fertilizer sector when the index went down and it was positive aspect for the capital market, Hassan said.
Total volume of shares traded was 13,700, which was down by 131,900 when compared it with a day earlier's closing.
Out of 97 companies' shares traded, the price of 49 was increased while the price of 48 decreased.
The price of top gainer Pakistan State Oil was increased by Rs.4.45 while the price of top loser Millat Tractors decreased by Rs.14.36.
Maple Leaf Cement, Fauji Fertilizer Co. and PTCL remained volume leaders on Friday with volume of 10,000, 1,700 and 1,000 shares respectively.
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