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Markets

ISE-10 index witnesses bullish trend

Published September 7, 2012 Updated September 7, 2012 02:57pm

ise2 400ISLAMABAD: The Islamabad Stock Exchange witnessed a bullish trend on Friday as the ISE-10 index was up by 2.44 points to close at 3083.75.

A stock analyst, M.M. Hassan told APP that buying in the fertilezer and oil sector caused the positive sentiments in the local stock market.

He said the jobbers have resumed their participation in the market by taking the positions there.

It was seen since last several days, the investors had booked profit in the market resulting in the bearish trend, he added.

A total of 62,100 shares were traded, which were down by 6,100 shares as compared to previous day's trading of 68,200 shares.

Out of 122 companies, share prices of 69 companies recorded increase and those of 53 registered decrease. No company remained stable.

The share price of Unilever Pakistan increased by Rs. 440.00, while that of National Foods decreased by Rs. 13.13.

Maple Leaf Cement, Dewan Salman Cement and Fauji Fertilizer Company remained the top trading companies with 20,000, 15,000 and 9,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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