ISE-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 4.46 points to close at 2767.72 as compared to the previous day's trading.

Stock Analyst, Ismail Iqbal Pvt Ltd, Jeewan told APP that the rise in the oil price in the international market caused the positive sentiments in the local markets.

He was the point of view that the price of oil was gone up because of increasing demand of oil in the Europe due to prevailing cold and in developing countries and short supply from Iran.

"Other good news, the market is expecting that MBC bank is likely to announce Rs.25 earning per share (EPS) for whole year ended on December 2011 and Rs.3 cash dividend and 10 per cent bonus for the last quarter of 2011 on February 21 (today)", he added.

Total volume of shares traded was 203,179, which was up by 103,035 as compared to a day earlier's closing.

Out of 108 companies' shares traded, the price of 57 was increased while the price of 51 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.49.89 while the price of top loser Siemens Pakistan Engineering decreased by Rs.12.43.

Bank of Punjab, Wateen Telecom and O.G.D.C remained volume leaders on Monday, with volume of 131,100, 35,000 and 10,479 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012