Bear claws in Islamabad


The Islamabad Stock Exchange (ISE-10) on Thursday witnessed a bearish trend as the index was sheds 25.23 points to close at 3081.31 as compared to the previous day’s trading.
Stock Analyst M.M.Hassan told APP that the technical correction was seemed due the profit taking by the major investors in the local stock market.
Besides, the major positions were also taken, when the index went down resulting in an increase in the volume of the market, he added.
He said that the rise in the volume of market and the buying at the lower level of index indicated the positive sentiments in the future for capital market.
Total volume of shares traded was 68,200, which was up by 48,200 as compared a day earlier’s closing. Of 129 companies’ shares traded, the price of 40 was increased while the price of 89 witnessed a decline.
The price of top gainer Muree Brewery was increased by Rs.5.15 while the price of top loser Siemens Pakistan Engineering decreased by Rs.19.00. NIB Bank, KESC and PTCL remained volume leaders on Thursday, with volume of 35,000, 15,000 and 9,000 shares respectively.