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Markets

ISE-10 gains 10 points

Published July 17, 2012 Updated July 17, 2012 03:17pm

ise 400ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bullish trend as the index was up by 9.22 points to close at 2891.15 as compared to the previous day's trading.

Talking to APP, Stock Analyst Zaheer Ahmed said that the bullish rally in the cement sector caused the positive sentiments in the local stock market.

He said that the major positions were taken in the cement and fertilizer sector owing to the expected positive results to be announced soon.

Moreover, the turnover in the market was also led by the cement sector which is the attractive indication for the inventors to take positions for long-term rather than short-term, he added.

Total volume of shares traded was 62,300, which was up by 29,065 as compared to a day earlier's closing.

Out of 129 companies' shares traded, the price of 83 was increased while the price of 46 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.34.52 while the price top loser Akzo Noble Pakistan decreased by Rs.5.96.

NIB Bank, DG Khan Cement and Fauji Fertilizer Bin Qasim remained volume leaders on Tuesday, with volume of 25,000, 20,000 and 10,000 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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