ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index was up by 17.04 points to close at 2860.01 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the bullish rally led by the oil sector caused the positive sentiments in the local stock market.
"Besides, the power sector has also supported the rally resulting the closing the markets in the green zone and all this is due to the resolving of the circular debt by the government", he added.
He said that the Pakistan State Oil (PSO), Pakistan Petroleum Limited (PPL), Hub Power Company (HUBCO), Kot Addu Power remained the most traded shares among the stocks of Oil and Power sectors.
Total volume of shares traded was 32,950, which was down by 32,850 as compared to a day earlier's closing.
Out of 133 companies' shares traded, the price of 75 was increased while the price of 58 decreased.
The price of top gainer Sanofi Aventis Pakistan was increased by Rs.8.29 while the price of top loser Mitchell Fruit Farms decreased by Rs.8.35.
National Bank of Pakistan (NBP), PTCL and Netsol Technologies remained volume leaders on Tuesday, with volume of 14,005, 13,867 and 2,000 shares respectively.
Meanwhile, the rupee remained stable by closing at Rs.90.80 against US dollar as compared to previous day's closing at Rs.90.80 against the greenback in the inter-bank.
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