ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Monday witnessed bearish trend as the index shed 7 points to close at 2589.16 as compared to the previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the local markets had performed well as compared to the other session of trading.
He said that the Prime Minister's direction to Finance Minister for restructuring of government entities caused positive sentiments in the local bourse which would stabilize overall economy of the country.
"Among other initiatives for stabilizing of the economy, the investors are expecting that government would take a step to abolish Capital Gain Tax (CGT)", he added.
Total volume of shares traded was 42,675, which was up by 39,675 as compared to the previous day's closing.
Out of 99 companies's shares traded, the price of 45 was increased while that of 54 companies decreased.
The price of top gainer Siemens Pakistan Engineering closed at Rs.932.53 with an increase of Rs.43.64 while the price of top loser Unilever Pakistan closed at Rs.5502.82 with a decrease of Rs.21.35.
Bank of Punjab (BOP), Bank Alfalah (BAFL) and United Bank Limited (UBL) remained volume leaders on Monday, with volumes of 40,000, 2,000 and 316 shares respectively.
Meanwhile, the currency expert, Faheem Akhtar told APP that Pak Rupee remained stable in the local money markets after the intervention of State Bank of Pakistan (SBP).
He said that the price of Pak Rupee was closed at Rs.89.40 against the dollar as compared the previous day's closing at Rs.89.30.
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