ISLAMABAD: The Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend, as the index fell to 22.86 points to close at 2411.62 as compared to previous day's trading.
Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the decline in international markets and concerns created by recent floods led the bearish rally in the local equity markets.
He said that despite the positive of corporate results of Attock Group, the equity market remained under the pressure of selling by the institutions.
He further added that Pakistan Oilfields (POL) announced its earning per share (EPS) Rs45.72 along with cash dividend 250 percent and it already paid cash dividend 100 per cent in the first half rendering total 350 per cent cash dividend in one year.
"National Refinery (NRL) announced cash dividend 250 percent of full year with EPS Rs.82.14" he said.
Stock Analyst and President, Association for Investors' Awareness, M.M Hassan said that there were no such negative sentiments in the local stock market except bearish trend in international markets and political concerns which caused the investors to be sideline.
He said that Attock Petroleum remained favorites scrips because it announced its EPS Rs61 with 300 percent cash dividend and it already paid 115 percent in the first half translating total cash dividend 415 percent in one year.
He further added Attock Refinery (ATRL) passed through lower circuit breaker at Rs.115.85 because corporate results of ATRL were not satisfactory as expected by the investors.
Total shares traded were 113,965, which were up by 77,220 as compared to previous day's trading.
Out of 127 companies, the price of 47 was increased while the price of 80 decreased.
The price of top gainer Siemens Engineering was increased by Rs23.00 while the price of top loser Unilever Pakistan decreased by Rs.82.22.
Byco Petroleum, Lotte Pakistan PTA and Bank Al Falah Limited remained volume leaders on Monday with volume of 52,030, 47,900 and 8,255 shares respectively.
Copyright APP (Associated Press of Pakistan), 2011
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