ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bearish trend as the index was down by 7.88 points to close 2721.24 as compared to the previous day's trading.
Stock Analyst, Ismail Iqbal Pvt Ltd, Sadiq told APP that the local stock markets remained range-bound because the investors preferred to off-load positions rather than new positions.
"The index was at such point where the major positions were off-loaded by the jobbers", he said, adding the majority of them preferred to be sideline.
He said that the some positions were taken in Cement and Oil sectors due to their positive earnings which were to be expected in next quarter.
Total volume of shares traded was 15,205, which was down up by 5,906 as compared to a day earlier's closing.
Out of 120 companies' shares traded, the price of 37 was increased while the price of 83 decreased.
The price of top gainer Mari Gas was increased by Rs.2.92 while the price of top loser Siemens Pakistan Engineering decreased by Rs.26.27.
Lafrage Pakistan Cement, Bank of Pakistan and Maple Leaf Cement remained volume leaders on Tuesday, with volume of 10,000, 2,000 and 1,000 shares respectively.
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