Islamabad stocks track broader market

[You must be registered and logged in to see this image.]




ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Thursday witnessed bearish trend as the index fell by 10 points to close at 2421.30 as compared to closing a day earlier.

Equity a senior equity dealer told APP that the prevailing current political situation in the country caused the negative sentiments in the local equity markets.


He said that although the cut on yield by 40 to 50 Basis Points (bps) of T-Bills auctioned yesterday (Wednesday) was positive news for the local markets but it could not attract the investors.

He said that due to cut on yield of T-Bills, the market was expecting the decrease in discount rate by 50bps in the monetary policy to be announced on October 8.

Pakistan State Oil (PSO), Fauji Fertilizer (FFC), Mari Gas, Pakistan Oil fields (POL), Lucky Cement and National Bank of Pakistan (NBP) were the most traded shares in the local markets.

Total shares traded were 231,868, which were down by 128,302 as against trading of a day earlier.

Out of 120 companies, the prices of 66 were decreased while the prices of 54 decreased.

The price of top gainer Unilever Pakistan increased by Rs62.93, while the price of top loser Bhanero Textile decreased by Rs12.22.

Arif Habib (AHCL), Nishat Mills (NML) and Byco remained volume
leaders on Thursday, with volume of 81,000, 44,500 and 16,500 shares respectively. (APP)