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Markets

ISE-10 stays bullish

Published June 11, 2012 Updated June 11, 2012 02:16pm

islamabad-stock-exchangeISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index gained 0.36 points to close at 2704.17 as compared to the previous day's trading.

Talking to APP, Stock Analyst, Zaheer said that the local stock market had responded positively to the announcement of resolving the energy crisis on the priority basis by the government.

He said that the shares of power and fertilizer sectors, those would be direct beneficiaries of that announcement, remained the most traded scrips along with banking sector.

"Hub Power, Nishat Power and Fauji Cement has registered a substantial increase in the price and their turnovers because the investors have aggressively taken the fresh positions", he added.

Total volume of shares traded were 24,659, which was down by 40,441 as compared to a day earlier's closing.

Out of 125 companies' shares traded, the price of 60 was increased while the price of 65 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.39.16 while the price of top loser Fazal Textile decreased by Rs.10.76.

Fauji Cement, Hub Power and Silk Bank remained volume leaders on Monday, with volume of 10,000, 8,500 and 5,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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