ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Friday witnessed bullish trend as the index was up by 19.65 points to close at 2846.77 as compared to the previous day's trading.
Stock Analyst of Ismail Iqbal Pvt Ltd Jeewan told APP that the foreign buying especially in the oil sectors helped the markets to close at green zone.
He said that the Oil and Gas Development Corporation (OGDC) remained favorite scrip for the investors among the others shares of oil sectors.
"Byco Petroleum remained top traded in the market because of its expansion in the refinery capacity and approval of the extension of the tax holiday facility up to the end of 2012 by the Economic Coordination Committee (ECC)", he added.
He added that besides that, the turnover in the markets had witnessed an increase against the previous day because jobbers had taken positions especially in cement sector for day-trade.
Total volume of shares traded was 376,565, which was up by 74,914 when compared with a day earlier's closing.
Out of 128 companies' shares traded, the price of 77 was increased while the price of 51 decreased.
The price of top gainer Lucky Cement was increased by Rs.5.62 while the price top loser Unilever Pakistan decreased by Rs.104.00.
Fauji Cement, Maple Leaf Cement and Lafrage Pakistan Cement remained volume leaders on Friday, with volume of 181,000, 100,000 and 65,300 shares respectively.
Comments
Comments are closed for this article.