ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend as the index shed 27.53 points to close at 2805.64 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Jeewan said that the ongoing bearish trend in the regional markets led the local stock market in red zone.
He said that besides, the rumor circulating in the market regarding an increase of the gas price for the fertilizer sector in the forthcoming budget also caused the negative sentiments.
"Despite, the selected buying has also seen in the blue chips companies including Pakistan State Oil (PSO), Pakistan Petroleum (PPL), DG Khan Cement (DGKC) and Lucky Cement (LUCK)", he added.
Total volume of shares traded was 23,142, which was down by 98,058 as compared to a day earlier's closing.
Out of 119 companies' shares traded, the price of 51 was increased while the price of 68 decreased.
The price top gainer Unilever Pakistan was increased by Rs 77.54 while the price of top loser Fauji Fertilizer decreased by Rs 5.82.
Lafrage Pakistan Cement, Summit Bank Limited and PTCL remained volume leaders on Thursday, with volume of 51,000, 15,000 and 3,000 shares respectively.
Comments
Comments are closed for this article.