ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index was down by 3.00 to close at 2708.64 as compared to the previous day trading.
Stock Analyst, of Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the market remained range-bound because the major investors preferred to take a position at lower level of index and sell at the strength.
He said that the export and remittances witnessed the growth, which caused positive sentiments in the local bourse. The volume of shares traded in ISE-10 showed the increase which indicated the participation the investors.
Foreign Investors Portfolio Investment (FIPI) remained net seller worth US $ 1.30 million while the local investors were net buyers in the local equity markets.
The total volume of shares traded were 76,800, which was up by 23,850 as compared to previous day's trading. Out of 126 companies' shares traded, the price of 48 scrips was increased while the price of 78 decreased.
The price of top gainer Fazal Textile was increased by Rs.12.05 while the price of top loser Unilever Pakistan decreased by Rs.117.56.
NIB Bank, National Bank of Pakistan (NBP) and Bank Al-Falah (BAFL) remained volume leaders, with volume of 33,000, 13,000 and 10,500 shares respectively.
Comments
Comments are closed for this article.