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Markets

ISE-10 gains 28 points

Published August 23, 2012 Updated August 23, 2012 02:46pm

ise2 400ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index was up by 28.25 points to close at 3048.22 as compared to the previous day's trading.

Talking to APP, Stock Analyst M.M Hassan said that the major positions taken by the investors led the bullish rally in the markets.

The scrips of cement and fertilizer remained the leading sector which created the positive sentiments, he added.

"The major buyers in the market were those who did not trade during the Holy Ramzan because they preferred to pray and this was positive trend for the capital market in the future", he said.

A total volume of shares traded was 178,000, which was up by 64,300 as compared to a day earlier's closing.

Of 133 companies' shares traded, the price of 88 was increased while the price of 45 decreased.

The price of top gainer Simens Pakistan Engineering was increased by Rs.15.01 while the price of top loser Mitchell's Fruit Farma decreased by Rs.8.90.

Fauji Cement Company, Lafrage Pakistan Cement and Askari Bank remained volume leaders on Thursday, with volume of 80,000, 66,000 and 16,500 shares respectively.

Copyright APP (Associated Press of Pakistan), 2012

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