ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 29.13 points to close at 2635.73 as compared to the previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the investors became very cautious to take the position after breaching the psychological barriers of the index.
He said that due to this, the negative sentiments was created and the major selling was witnessed on the major counters in the markets.
The other analyst said that besides this, the concerns circulating in the local bourse about monetary policy to remain same caused the investors to be sideline.
He said that the majority of the investors were not taking position but they preferred to sell on the strength.
Total volume of shares traded was 18,800, which was down by 5,621 as compared to previous day's trading.
Out of 111 companies' shares trades, the price of 31 was increased while the price of 80 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.40.30 while the price of top loser Siemnes Engineering decreased by Rs.14.89.
Lotte Pakistan PTA, Attock Refinery and National Bank of Pakistan (NBP) remained volume leaders, with volume of 10,000, 7,500 and 1,000 shares respectively.
Comments
Comments are closed for this article.