ISLAMABAD: The Islamabad Stock Exchange (ISE-10) Monday witnessed bearish trend as the index slid by 17.72 points from that of yesterday to close at 3129.27.
Talking to APP, stock analyst M.M Hassan said the local stock market had witnessed bearish trend because of the profit taking. Besides, the major players taking the benefit of lower prices took heavy positions in fertilizer and cement sectors that helped the market to resist continued slide, he added.
Total volume of shares traded was 22,600, which was down by 64,400 as compared to taht of a day earlier.Out of 133 companies’ shares traded, the price of 43 increased while that of 90 decreased.The price of top gainer Abbott Laboratories increased by Rs.6.40 while that of main loser Siemens Pakistan Engineering decreased by Rs.47.74.Engro Corporation, Fauji Cement Company and Arif Habib Corporation remained volume leaders with 10,000, 10,000 and 2,500 shares respectively. – Brecorder
