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Markets

ISE-10 stays bearish

Published May 8, 2012 Updated May 8, 2012 02:50pm

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bearish trend as index shed 19.68 points to close at 2922.33 as compared to the previous day's trading.

Stock Analyst, First National Equity Pvt Ltd, M.M Hassan told APP that the markets were seen under the pressure because of the profit-taking by the majority of the investors.

"Besides, the decrease in the volume has also been seemed due to low participation of the jobbers in the markets", he added.

"However, the Engro Corporation and Pakistan State Oil (PSO) were remained most traded stocks in the local bourse, despite major presence were not seen", Hassan said.

Total volume of shares traded was 40,005, which was down by 195,623 against a day earlier's closing.

Out of 146 companies' shares traded, the price of 61 was increased while the price of 85 decreased.

The price of top gainer Siemens Pakistan Engineering was increased by Rs.18.97 while the price of top loser Unilever Pakistan decreased by Rs.52.85.

Nishat Mills (NML), Fauji Fertilizer Bin Qasim (FFBL) and D.G Khan Cement remained volume leaders on Tuesday, with volume of 15,000, 10,500 and 9,000 shares respectively.

Meanwhile, the rupee gained 5 paisa by closing at Rs.90.70 against US dollar as compared to previous day's closing at Rs.90.75 against the greenback in the inter-bank.

Copyright APP (Associated Press of Pakistan), 2012

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