ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bearish trend as the index was up by 7.70 points to close at 3250.85 as compared to previous day's trading.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the pressure was seen in the local stock market due to profit-taking by the investors.
The punters has off-loaded the major positions due to two-days off ahead and this was an attempt to reduce risk, he added.
Apart from this, the turnover in the market registered a rise and it was due to buying whenever the index went down, Ahmed said.
Total volume of shares traded was 593,000, which was down by 521,500 when compared it with a day earlier's closing.
Out of 137 companies' shares traded, the price of 68 was increased while the price of 69 decreased.
The price top gainer Mitchell Fruit Farma was increased by Rs. 12.19 while the price of top loser MCB Bank decreased by Rs. 4.73.
PTCL, Lafrage Pakistan Cement and Byco Petroleum remained volume leaders on Friday, with volume of 200,000, 178,000 and 60,500 shares respectively.
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