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Markets

ISE-10 stays bullish

Published May 21, 2012 Updated May 21, 2012 03:31pm

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 16.82 points to close at 2769.69 as compared to the previous day's trading.

Talking to APP, stock Analyst Zaheer Ahmed said that the selected buying in oil and fertilizer sectors caused the positive sentiments in the local stock markets.

He said that the ODGC, National Refinery and Engro were the most traded shares in the markets because the investors were expecting positive earning in the future.

"Besides, the low-priced shares remained favorable stocks for the jobbers resulting an increase in the volume of shares", he added.

Total volume of shares traded was 82,605, which was up by 78,155 as compared to a day earlier's closing.

Out of 131 companies' shares traded, the price of 63 was increased while the price of 68 decreased.

The price of top gainer Mitchell Fruit Farma was increased by Rs.10.73 while the price of top loser National Foods decreased by Rs.4.11.

PTCL, Engro Corporation and Nishat Mills remained volume leaders on Monday, with volume of 50,000, 15,100 and 10,000 shares respectively.

Meanwhile, the rupee shed ten paisa against the US dollar when compared it with the previous day's closing at Rs.90.80 against the greenback in the inter-bank.

Copyright APP (Associated Press of Pakistan), 2012

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