ISE witnesses bullish trend

ISLAMABAD (APP) Islamabad Stock Exchange (ISE-10) on Friday witnessed bullish trend as the index gained 12.65 points to close at 2,537.76 as compared to the Thursdays trading. Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the decision of government to clear circular debt caused the positive sentiments in th local markets. He said that due to this, the bullish rally was led by the scrips of power and oil sectors. He said that the declining yield on Pakistan Investment Bonds (PIBs) bodes well for local stocks. Stock Analyst, First National Equity Pvt Ltd, M.M Hassan said that the news of cut on interest rate of National Savings was very supportive for the local market He said that the major buying by institutions was witnessed in fertilizer, and oil sectors.

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