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ISE-10 sheds 7 points.

ISLAMABAD -- Islamabad Stock Exchange (ISE-10) here on Wednesday bearish trend as the index was down by 7.53 points to close at 3464.45 as compared to the previous day's trading.

Stock Analyst M.M Hassan said that the market had registered a decline due to the technical correction. "The investors have off-loaded some positions to book profit but at same some of them also took the positions when the index touches low which caused an increase in the turnover of the market", he added.

He said that besides, volume in market was continuously witnessed a rise due to launching of Islamabad Electronic Exchange System (IEES) by ISE some months earlier. Total volume of shares traded was 38,500, which was up by 14,000 as compared to a day earlier closing.

Out of 141 companies, the price of 77 was increased while the price of 64 decreased. The price of top gainer Sanofi Aventis Pakistan was increased by Rs.19.75 while the price of top loser Sitara Chemical decreased by Rs.10.50.

Askari Bank Limited, Fauji Cement Company and National Bank remained volume leaders, with volume of 25,500, 10,000 and 3,000 shares respectively.
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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Apr 11, 2013
Words:199
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