ISE-10 stays bearish trend

Islamabad—Islamabad Stock Exchange (ISE-10) here on Friday witnessed bearish trend as the index was down by 44.82 points to close at 2752.87 as compared to the previous day’s trading.

Stock Analyst, Ismail Iqbal Pvt Ltd, Jeewan told media that the technical correction was seemed after consecutive bullish trend in the local stocks markets.

He said that besides, the investor’s participation in the market were also seen very low as compared to the previous sessions resulting the low volume in the markets.

“However, the limited activities were seemed in the selected stocks of low-priced shares including Byco Petroleum, Arif Habib Corporation and Askari Bank”, he added.

Total volume of shares traded was 4,450, which was down by 141,350 as compared to a day earlier’s closing.

Out of 133 companies’ shares traded, the price of 24 was increased while the price of 109 decreased.

The price of top gainer Mitchell Fruit Farma was increased by Rs.9.76 while the price of top loser Unilever Pakistan decreased by Rs.57.00.

Arif Habib Corporation (AHCL), Byco Petroleum and Askari Bank (AKBL) remained volume leaders on Friday, with volume of 3,500, 500 and 150 shares respectively.

Meanwhile, the rupee remained stable by closing at Rs.90.80 against US dollar as compared to the previous day’s closing at Rs.90.80 against greenback in the interbank.