ISLAMABAD: Islamabad Stock Exchange (ISE-10) witnessed bullish trend as the index was up by 10.70 points to close at 2711.65 as compared to the trading of previous day.
Senior Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP here on Friday that the expected approval of gas policy-2011 which would be beneficial for oil exploring companies especially Oil and Gas Development Corporation (OGDC) caused positive sentiments in the local markets.
He said despite this good news, the volume of shares traded in the local bourse was very low because the majority investors preferred to be sideline owing to two-day offs.
Another Analyst said that the bullish rally was led by oil sectors especially Pakistan State Oil (PSO).
He said that the constant efforts of the government to solve the lingering problem of circular debt would be more beneficial for oil, banking and power sectors.
Total volume of shares traded was 52,950, which was up by 14,270 as compared to the closing of a day earlier.
The price top gainer Indus Motor was increased by Rs.6.00 while the price of top loser Unilever Pakistan decreased by Rs.47.64.
Bank Afalah (BAFL), Nishat Mills Ltd (NML) and D.G Khan Cement (DGKC) remained volume leaders, with volume of 25,000, 11,450 and 9,000 shares respectively.
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