Islamabad stocks end flat

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bearish trend, the index was down by 4.10 points to close at 2443.59 compared to previous day's trading.

A senior equity dealer told APP that the rumors that State Bank of Pakistan (SBP) might cut discount rate by 50 basis in next monetary policy boosted market sentiment.

He added that 11th hour profit selling set the market in the red zone.

"Beside this, the HUBCO announced Rs.3 dividend per share and already paid Rs2.5 dividend per share in 1st half, translating total dividend of Rs.5.5 per share", he added.

According to National Clearing Company of Pakistan (NCCPL), foreign investors sold stocks worth $0.217 million. (APP)