Thursday, 27 December 2012 21:26
ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index was down by 4.03 points to close at 3285.11 as compared to the previous day's trading.
Stock Analyst, Ibrahim told APP that the pressure was seen in the local stock market because of the profit-taking.
The positions were off-loaded in the banking and cement sector because the major positions of these sectors were held by the investors especially in low-priced shares, he added.
He said that there was not any negative sentiments in the market because the long-term aspects in the market were very positive for the capital market.
Total volume of shares traded was 117,500, which was down by 201,500 when compared it with a day earlier's closing.
Out of 140 companies' shares traded, the price of 52 was increased while the price of 88 decreased.
The price of top gainer Mitchell Fruit Farma was increased by Rs. 9.00 while price of top loser Sanofi Aventis decreased by Rs. 142.50.
Fauji Cement, Byco Petroleum and Silk Bank remained volume leaders with volume of 45,000, 44,500 and 15,000 shares respectively.
Copyright APP (Associated Press of Pakistan), 2012