ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index gained 14.86 points to close at 2712.78 as compared the closing of a day earlier.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the circulating news of discoveries of oil-fields by Oil and Gas Development Corporation (OGDC) caused bullish rally in the local equity markets led by Oil sectors.
He said that the fertilizer sectors did not perform well because of the news of fixing price of imported fertilizer by government at Rs.1500 per bag.
Other analyst added that the markets were expecting more gains from the banking sector owing to its best earning in the last quarter.
Total volume of shares traded was 47,495, which was down by 9,841 as compared to the trading of previous day.
Out of 106 companies' shares traded, the price of 44 was increased while the price of 62 decreased.
The price of top gainer Bhanero Textile was increased by Rs.10.88 while the price of top loser Fauji Fertilizer Company decreased by Rs.4.72.
National Bank of Pakistan (NBP), Lotte Pakistan PTA and D.G Khan Cement remained volume leaders, with volume of 19,000, 11,000 and 6,000 shares respectively.
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