ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index was up by 31.81 points to close at 3238.27 as compared to the previous day's trading.
Talking to APP, Stock Analyst Aba Ali Habib Securities (PVT) Ltd, Zaheer Ahmed said that the tension was eased in the local stock market due to announcement by MQM not to participate in the proposed Long March rally to be held on January 14.
"The investors has responded positively to this news by taking major positions in the market resulting an increase in the turnover in the market", he added.
Ahmed told that the low-priced shares of banking sector remained the most traded shares and in addition, the major position were not squared up at the closing of the market.
Besides, the cement sector has also performed well due to increase in the figures of sales owing to the rise in the demand in the country and abroad as well, he said.
Total volume of shares traded was 76,000, which was up by 49,000 against 27,000 a day earlier's closing.
Out of 130 companies' shares traded, the price of 83 was increased while the price of 47 decreased.
The price of top gainer Millat Tractor was increased by 14.90 while the price of top loser Siemens Pakistan Engineering decreased by Rs. 8.90.
Bank of Punjab, Fauji Fertilizer Bin Qasim and Silk Bank Ltd remained volume leaders with volume of 55,000, 10,000 and 6,000 shares respectively.
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