Islamabad stocks shade green

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ISLAMABAD: The Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index closed at 2,477.36 with gain of 8.23 points as compared to previous day's trading.

A senior equity dealer told APP that the local equity markets remained range-bound but buying in
selected scrips led the rally of positive sentiments.

He said that circulating rumors to resolve circular debt by the end of September caused positive sentiments for investors to take positions Pakistan Petroleum Limited (PPL).

Analysts say bearish global markets and postponement of announcement of monetary policy till October were the main cause of low volume in the local markets.

He said that majority of the investors remained sidelined and some of these took positions in the selected scrips at lower of index and off-loaded the positions at higher-level index.

He said that PPL and Attock Petroleum remained favorites for local and foreign institutions.

Total traded shares were 70,005, which were up by 44,255 as compared to previous day's trading.

Out of 121 companies, the price of 48 was increased while the price of 73 decreased. (APP)