ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index gained 30.80 points to close at 2894.01 as compared to the previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Jeewan told APP that the positive corporate results announced by the oil and banking sectors led the bullish rally in the local markets.
He said that Pakistan Petroleum Limited (PPL) had posted earning per share (EPS) of Rs.24.55, while the Pakistan State Oil (PSO) had announced its cash dividend of Rs.3 a day earlier, which were beyond the expectations of the stock markets.
"Besides, Askari Bank Limited has announced the earning per share (EPS) of Rs.0.71 for first quarter of 2012, as compared to Rs.0.66 in the same period of last year", He added.
Moreover, the rumors of discoveries explored by Pakistan Oil-fields also supported market to move in the green zone by creating the attraction in the stock markets for the investors.
Total volume of shares traded was 567,300, which was up by 331,569 as compared to the previous day's closing.
Out of 129 companies's shares traded, the price of 49 was increased while the price of 80 decreased.
The price of top gainer Pakistan Oil-fields (POL) was increased by Rs.6.93 while the price of top loser Unilever Pakistan decreased by Rs.10.34.
Lafarage Pakistan Cement (LPCL), Fauji Cement Company (FCCL) and Bank Al-falah (BAFL) remained volume leaders on wednesday, with volume of 135,000, 132,000 and 125,100 shares respectively.
Meanwhile, the rupee remained stable in the inter-bank by closing at Rs.90.70 against US dollar as compared to previous day's closing at Rs.90.70 against greenback.
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