ISE-10 gains 25 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 25.27 points to close at 3358.73 as compared to previous day's trading.

While talking to APP, Stock Analyst of Aba Ali Habib Pvt Ltd, Zaheer Ahmed said that the result session had created the positive sentiments in the local stock market which helped it to close at green area.

"The market is expecting the better returns from corporate sector specially from banking and oil sector", he said adding that already Pakistan Petroleum Limited (PPL) had declared its result with cash dividend of Rs.5 per share.

Besides, the MCB Bank is expected to announce the result with Rs.24 earning per share (EPS) and Rs.6 cash dividend along-with 10 per cent of bonus on February 7 (Thursday), he added.

Aside from this, the performance of economic indicators are also satisfactory in the country which helped to build the confidence in the investors, Ahmed said.

Total volume of shares traded was 33,500, which was down by 37,500 when compared it with a day earlier's closing.

Out of 143 companies' shares traded, the price of 92 was increased while the price of 51 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.75.00 while the price of top loser Gatron Industries decreased by Rs. 9.62.

Bank of Punjab, Arif Habib Corporation and Fauji Cement remained volume leaders, with volume of 15,000, 10,000 and 5,000 shares respectively.