ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Monday witnessed bearish trend as the index was down by 45.65 points to close at 2755.76 as compared to the previous day's trading.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the technical correction was seemed in the local stock markets after consecutive bullish trend.
He said that the investors off-loaded their positions in selected sectors including oil and cement and adding that the majority of them preferred to be sideline rather than taking positions or off-loading resulting a decline in the turnover of index.
"Despite, the fertilizer sector including Engro corporation, Fatima Fertilizer remained favourable for the jobbers to take new positions registering an increase in the volume of these stocks", he added.
Total volume of shares traded were 9,205, which was down by 6,875 as compared to a day earlier's closing.
Out of 122 companies' shares traded, the price of 42 was increased while the price of 80 decreased.
The price of top gainer Unilever Pakistan was increased by Rs.10.11 while the price of top loser National Refinery decreased by Rs.7.81.
Fauji Fertilizer Company, Arif Habib Corporation and Fauji Cement Company remained volume leaders on Monday, with volume of 7,000, 1,000 and 1,000 shares respectively.
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