ISE-10 gains 60.27 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index closed at 2,518.82 with rise of 60.27 points as compared to previous day's trading.

Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that to some extent, the resolution of geo-political issues led the bullish rally in the local markets.

He said that the major institutions took positions in oil and fertilizer sectors.

The major participation by institutions caused the increase in the price of Pakistan State Oil (PSO), Pakistan Oil-fields (POL) and Attock Petroleum by Rs.9.83, 7.33 and 8.61 respectively.

Stock Analyst, Association for Investor's Awareness, Faheem Akhtar said that the recovery in international markets rebounded trade in the local equity markets.

"However, the concerns of depress rupee and consumer price index (CPI) upward was still circulating in the markets", he added.

He said that oil and banking stocks performed better because of the participation of the major investors.

Total shares traded were 83,559, which was down by 68,851 as compared to previous day's closing.

Out of 122 companies, the price of 95 was increased while the price of 27 decreased.

The price of top gainer Unilever Pakistan was increased by Rs107.60 the price of top loser Blessed Textile decreased by Rs4.75.

National Bank of Pakistan (NBP), Bank of Punjab (BoP) and Dewan Salman Fibres (DSFL) remained volume leaders on Tuesday, with the volume of 16,000, 15,000 and 14,600 shares respectively.

Copyright APP (Associated Press of Pakistan), 2011