ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 35.79 points to close at 2867.56 as compared to the previous day's trading.
Talking to APP, Stock Analyst M.M Hassan said that the rise of 91 per cent in the earning of DG Khan Cement led the positive sentiments in the local markets.
He said that the investors had taken positions till the end of markets in the cement sectors including DG Khan Cement and oil sector rather than squaring up the positions at the closing of the bourse.
"Besides, the rumors of establishment of endowment fund by the government to support the market has also created the positive atmosphere in the markets", he added.
He said that in addition, the market was expecting the positive announcement soon regarding Capital Gain Tax (CGT) and it would help the market to move the upward.
Total volume of shares traded was 455,257, which was down by 91,943 as compared to a day earlier's closing.
Out of 133 companies's shares traded, the price of 89 was increased while the price of 44 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.95.15 while the price of top loser Tri-Pack Films decreased by Rs.2.58.
Fauji Cement Company, Lafrage Pakistan Cement and Silk Bank Limited remained volume leaders on Wednesday, with volume of 190,500, 110,000 and 83,657 shares respectively.
Meanwhile, the rupee shed five paisa by closing at Rs.90.75 against US dollar as compared to previous day's closing at Rs.90.70 against the greenback in the inter-bank.
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