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Markets

ISE-10 stays bullish

Published February 22, 2012 Updated February 22, 2012 05:24pm

 ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed a bullish trend as the index gained 21.64 points to close at 2793.58 when compared to the previous day's trading.

Stock Analyst, First National Equity Pvt Ltd, M.M Hassan told APP that the rise in price of Oil and Gas Development Corporation (OGDC) by Rs.2.91 caused positive sentiments in the local market.

He said that the OGDC was index heavy weight shares which helped the market to remain at positive level and banking sector also helped the OGDC for rise in the index.

Total volume of shares traded was 180,985, which was up by 57,480 as compared to a day earlier's closing.

Out of 127 companies' shares traded, the price of 61 was increased while the price of 66 decreased.

The price of top gainer Mitchell's Fruit Farm was increased by Rs.5.69 while the price top loser Unilever Pakistan decreased by Rs.48.80.

Bank of Punjab (BOP), Byco Petroleum and D.G Khan Cement remained volume leaders on Wednesday, with volume of 81,000, 20,500 and 15,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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