ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bearish trend as the index was down by 27.53 points to close at 2805.64 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the market remained range-bound because of the low participation of the investors.
He said that the jobbers preferred to be sideline rather than taking mew positions in the market, adding that the existing sentiments was not seemed favorable at this stage.
"Despite, the investors took the position in the fertilizer sector including Engro Corporation and Fauji Fertilizer Bin Qasim, resulting their closing in the green zone.
Total volume of shares traded was 23,142, which was down by 98,058 as compared to a day earlier's closing.
Out of 119 companies's shares traded, the price of 51 was increased while the price of 68 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.43.05 while the price of top loser Sanofi Aventis Pakistan decreased by Rs.4.88.
Summit Bank Limited, Lafrage Pakistan Cement and Fauji Cement Company remained volume leaders on Friday, with volume of 100,000, 50,000 and 25,000 shares respectively.
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