Islamabad stocks gain 47 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index was up by 47.63 points to close at 2828.88 as compared to the previous day's trading.

A stock snalyst, said APP that the oil sector especially Pakistan Petroleum Limited (PPL) led the positive sentiments in the local markets.

He said that the markets were expecting Pakistan Petroleum Limited (PPL) to announce cash dividend of Rs.5 for the 3rd quarter as it did in the same period last year.

Moreover, the majority of investors in the markets were very positive about the Monetary Policy that it would be stable, which later State Bank of Pakistan (SBP) had announced to keep its key policy rate unchanged at 12 per cent for the subsequent two months.

Total volume of shares traded was 194,948, which was up by 70,847 when compared to a day earlier.

Out of 143 companies' shares traded, the price of 80 was increased while the price of 63 decreased.

The price of top gainer Millat Tractors increased by Rs.19.16 while the price of top loser Mitchell's Fruit Farms decreased by Rs.8.62.

Flying Cement, NIB Bank and Lafrage Pakistan Cement remained volume leaders on Friday, with 53,000, 50,000 and 32,000 shares
respectively. (APP)=