ISLAMABAD (APP) –  Islamabad Stock Exchange(ISE-10) here on Tuesday witnessed bearish trend as the index shed 15.82 points to close at 2658.84 as compared to previous day’s trading.  Stock Analyst, First National Equity Pvt Ltd, M.M Hassan told APP that the profit taking was seemed in the local market because of consecutive bullish trend.

He said that the index had registered an increase of 8.5 per cent and the majority of investors preferred to off-load positions at that level.

“The result session of corporate companies is going to start from January 25 (Wednesday) and Pakistan Petroleum Limited (PPL) will announce its half-year results”, he added.

Analyst said that the market was expecting from PPL earning per share (EPS) of Rs.15.50 and dividend from Rs.6 to Rs.7. Total volume of shares traded was 130,760, which was down by 67,957 as compared to a day earlier’s closing.

   Out of 141 companies’s shares traded, the price of 74 was increased while the price of 67 decreased.  The price of top gainer Engro Corporation was increased by Rs.5.41, while the price of top loser Millat Tractors decreased by Rs.7.45.

National Bank of Pakistan (NBP), Nishat Mills Limited (NML) and D.G Khan Cement (DGKC) remained volume leaders on Tuesday, with volume of 64,060, 45,000 and 15,000 shares respectively.