ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bearish trend as the index was down by 23.87 points to close at 3043.1 as compared to the previous day's trading.
Stock Analyst of Aba Ali Habib Securities Pvt Ltd, Zaheer Ahmed told APP that the pressure was seen in the local stock market due to prevailing political situation after the decision of supreme court and staging of long march by Minhaj ul Quran Chief Tahir ul Qadri.
"Investors have off-loaded major positions in the market which they held a day earlier", he said adding that even some of them preferred to remain sideline rather than taking new positions.
Ahmed said that the existing situation in the market was temporary and the recovery would be soon due to the expected positive earnings to be announced by corporate sector in the near future.
Besides, the banking sector remained the most traded in the local bourse which was the positive indication for the future of capital market, Stock Analyst informed.
AKBL, PTC and BOP remained volume leaders with volume of 10,000, 4,000 and 2,000 shares respectively.
Meanwhile, Karachi Stock Exchange (KSE-100) also witnessed bearish trend by shedding 525.29 points to close at 16107.89 on Tuesday as compared to a day earlier's closing.
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