Islamabad Stock Exchange index-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Wednesday witnessed bullish trend as the index gained 9.95 points to close at 2,528.77 as against 2,518.82.

Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that to some extent easing off concerns of geo-political caused major participation by the investors in the local markets.

He said that Fauji Fertilizer Bin Qasim (FFBL) remained favorite scrips in the local markets due to the increase of sale its products Di-Ammonium Phosphate (DAP), because FFBL was the sole producer of DAP.

He added that major buyers took position in the Fauji Fertilizer Corporation (FFC) because Government intended to resume its gas supply.

Stock Analyst, Association Investor's Awareness, Fahim Akhtar said that the increasing crude prices brought the interest of the investors in oil based stocks.

He said that overall sentiments remained neutral to positive for the long term investment.

Total shares traded were 186,153, which was up by 102,594 as compared to previous day's trading.

Out of 127 companies, the prices of 82 were increased while the prices of 45 decreased.

The Unilever Pakistan remained the top gainer with the increase of Rs80.00 while the price top loser Fazal Textile decreased by Rs14.70.

Lotte Pakistan PTA, FFBL and D.G Khan Cement remained volume leaders on Wednesday, with volume of 40,000, 22,500 and 20,000 shares respectively.

Copyright Reuters, 2011