ISLAMABAD: Islamabad Stock Exchange (ISE-10) Monday witnessed bearish trend as the index closed at 2586.36 by loosing 37.72 points as compared to the closing of previous day.
Equity Dealer, Ismail Iqbal Pvt Ltd, Saqib told APP that the local stock markets remained range-bound because the selected buying was seen on the selected counters.
He said that the Engro Corporation was closed at lower circuit breaker owing to the rumors of disconnection of gas supply.
While the Attock Petroleum was closed at upper circuit breaker because it has announced the best earning of Rs.10.40 per share in first Quarter (July-September).
Stock Analyst, Association for Investor's Awareness, Faheem Akhtar said that the local markets was led by the buying rally in the Fatima Fertilizers on the news reported the best earnings because of the price hike.
He said that Fatima Fertilizer and Arif Habib Corporation (AHCL) were closed at upper lock.
The closing of AHCL at upper lock was due to its investment in the shares of Fatima Fertilizer.
Total share traded were 175,314, which was up by 48,014 as compared to trading of previous a day.
Out of 129 companies, the price of 66 was increased while the price 63 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.90.17 while the price top loser Siemens Pakistan Engineering decreased by Rs.25.00.
Lotte Pakistan PTA, Arif Habib Corporation (AHCL) and Fatima Fertilizer remained volume leaders on Monday, with volume 75,000, 20,100 and 18,600 shares respectively.
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