ISLAMABAD (APP) - Islamabad Stock Exchange on Friday witnessed bearish trend as the ISE-10 index fell by 34.02 points to close at 2458.69 points. Analyst, Association for Investors' Awareness, Faheem Akhtar told APP that massive decline in National Refinery Limited's (NRL) earning by 38 per cent led the bearish rally in the local markets. He said that due to this, the earning per share of NRL decreased from 16.90 per share of last year to 10.4pc during the current year. "This massive fall in the earnings of NRL caused the shares of NRL to pass through lower circuit breaker and led the negative sentiments in the local markets", he added. Research Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed said that the persistent political concerns fuelled the negative sentiments in the local equity markets. He said that owing to this, consecutive foreign selling was seen in the local markets. At ISE, total shares traded were 31,168, down by 11,142 as compared to the pervious day's trading. Out of 126 companies, the price of 44 increased while the price of 82 decreased. The price of top gainer Fazal Textile increased by Rs.12.20 while the price of top loser Unilever Pakistan decreased by Rs.76.48.