ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was down by 18.18 points to close at 2904.15 as compared to the previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Jeewan told APP that the circulating news of gas restoration to fertilizer sector and notification of cash dividend despatching by HUBCO led the positive sentiments rally resulting the rise in the volume in the local stock markets.
He said that the markets had responded positively to news of restoring the gas to the plants of fertilizer sector including Engro Corporation, Fauji fertilizer bin Qasim (FFBL), fatima fertilizers.
"Moreover, the cash dividend of HUBCO was pending since last many days due to some objections but after resolving them, it have dispatched cash dividend today (Wednesday) to its shareholders which caused its price to close at green zone", he added.
Analyst also observed that the investors' participation in the markets remained the better than other normal trading's day because of these two positive developments.
Total volume of shares traded was 162,320, which was up by 122,315 as compared to a day earlier's closing.
Out of 136 companies' shares traded, the price of 75 was increased while the price of 61 decreased.
The price of top gainer Sanofi Aventis Pharma was increased by Rs.8.12 while the price of top loser Siemens Pakistan Engineering decreased by Rs.33.40.
Lotte Pakistan PTA, D.G Khan Cement and Fatima Fertilizer remained volume leaders on Wednesday, with volume of 107,000, 25,000 and 11,000 shares respectively.
Meanwhile, the rupee shed 5 paisa against US dollar by closing at Rs.90.75 when compared it with previous day's closing at Rs.90.70 against the greenback in the inter-bank.
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