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Markets

ISE-10 stays bullish

Published January 11, 2012 Updated January 11, 2012 03:44pm

iseISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index gained 2.11 points to close at 2390.11 as compared to the previous day's trading.

Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the local market remained flat at the time of closing.

He said that the local bourse was at the oversold position because of the consecutive bearish trend since last few days.

"Despite this, some investors took position in the selected scrips especially fertilizer sector", he added.

Total volume of shares traded was 20,807, which was up by 16,997 as compared to closing of a day earlier.

The price of top gainer Michells Fruits Farma was increased by Rs.4.09 while the price of top loser Unilever Pakistan decreased by Rs.120.52.

National Bank of Pakistan, OGDC and Fauji Fertilizer Bin Qasim (FFBL) remained volume leaders on Wednesday, with volume of 12,000, 4,000 and 2,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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