Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE Ten index showed a decrease of 124.11 points, as the ten index moved from 2,552.49 to 2,428.38 points.
The horizon of trade contracted from 118 companies to 107 stocks. Majority of stocks (85) closed in negative territory, 22 showed positive signs, whereas zero companies remained pegged to their overnight levels.
The turnover of OGDCL was 78,700 shares as compared to previous volume of 88,000 shares. The volume of Pakistan Petroleum Ltd was 41,900 shares as compared to previous turnover of 22,300 shares. The volume of Fauji Fertiliser Bin Qasim was 16,000 shares.