Senior Analyst, ACE Securities Pvt Ltd, Ibrahim told APP that the rise the in price of fertilizer and cement sector led to the bullish rally in the local market.

According to National Clearing Company of Pakistan (NCCPL), Foreign Investors Portfolio Investment (FIPI) took the position in the local markets worth US$1.23 million while the Local Investors Portfolio Investment (LIPI) remained net seller.

Senior Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed said that the decision of export of oil products would not affect the earning of the oil sector, so positive sentiments were seemed in the local markets.

The major positions were taken in the oil sector by the local investors and institutions.

Total shares traded were 127,300, which was down by 58,000 as compared to the closing a day earlier.

Out of 121 companies, the price of 68 was decreased while the price of 53 decreased.

The price of top gainer Fazal Textile was increased by Rs.12.50 while the price of top loser decreased by Rs.49.13.

Fatima Fertilizer, Lotte PTA Pakistan and Arif Habib Corporation (AHCL) remained volume leaders on Friday, with volume of 40,600, 314,500 and 21,000 shares respectively.