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ISE index up 15.94 points

Recorder Report

ISLAMABAD: The index of Islamabad Stock Exchange witnessed an increase of 15.94 points where profit-taking in selected scrips contracted the overall turnover on Tuesday.

The horizon of trade expanded to 169 active companies during the day. Gainers, losers and stagnant stocks closed in a sequence of 70:53:46 respectively.

The trade volume was lower to 11,340,400 shares as compared to last volume of 17, 831,000 shares.

ISE Network index was plus by 15.94 points as the priced based indicator moved from 5,824.80 to 5,840.75 points.

The market leader PTCL showed decrease of 65 paisa on a business of 9,988,500 shares as it started the day at Rs 31.30 and closed at Rs 30.65 by the end of the day. ICI Pakistan remained glued to its previous levels during trading of 648,500 shares across-the-board. ICI resumed trading at Rs 13.20 and closed at the same rate. Third heavyweight PSO surged by Rs 6.70 on a business of 116,300 shares. PSO resumed trading at Rs 215.05 and closed at Rs 221.75. FFC Jordan gained 30 paisa over 65,500 shares and Fauji Fertilizer opened at Rs 64.60 and closed at Rs 64.75.

Ch. Ijaz Ahmed a director said that market resumed trading on a healthy note following buying spree in Communication, Fuel and Energy sectors. The market remained in plus territory for some time as a number of margin hunters and weak investors took new positions in PSO. PTCL and ICI during the day.

However, profit-taking in blue chips created slight panic among the investors and market went in minus territory. Selling pressure continued by the time traders called it a day and market managed to close on a slightly mixed note.

Mixed trend was observed in the Fuel and Energy sector as Pakistan Oilfields was up by Rs 3 during trading of 500 shares, Sui Southern Gas was plus by Rs 1.60, Sitara Energy soared by Rs 1.05, KESC gained 75 paisa and Sui Northern Gas showed an increase of 55 paisa in its value. However, Kohinoor Energy lost 40 paisa, Southern Electric was down by 15 paisa and DG Khan Electric was up by 10 paisa.

Among the major gainers, Knoll Pharmaceutical gained Rs 15, Millat Tractors soared by Rs 2.05, Sitara Chemicals and National Foods were up by Rs 2 each and Kohinoor Weaving gained Rs 1.50.