Islamabad Stock Exchange on Wednesday witnessed a bearish trend as the index was down by 28.85 points to close at 3106.54 as compared to the previous day’s trading. Stock Analyst M.M.Hassan told APP that the profit taking by the major investors in the local stock market led the bearish trend.
Besides, the major positions were also taken, when the index went down and many of them off-loaded when it went up, he added.
It happened because the consecutive buying by the jobbers was seemed since many days, he said, adding, but there is not any negative sentiment in the future for capital market.
Total volume of shares traded was 20,000 which was down by 277,000 as compared a day earlier’s closing.
Of 125 companies’ shares traded, the price of 37 was increased while the price of 88 witnessed a decline.
The price of top gainer Unilever Pakistan was increased by Rs 298.50 while the price of top loser National Refinery decreased by Rs 7.35.
PTCL, Maple Leaf Cement,D.G.Khan Cement and Fatima Fertilizer remained volume leaders on Wednesday, with volume of 9,000, 5,000, 500 and 500 shares respectively.
