Bears returned in the front seat on the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE network index showed a decrease of 33.36 points as the rate-based indicator moved from 12,353.71 to 12,320.35 points.

The overall turnover amounted to 348,600 shares as compared to previous volume of 662,500 shares. Total 153 companies participated in buying and selling activity. Majority of stocks (83) closed in negative territory, 70 showed positive signs whereas zero company remained glued to its previous level.

The turnover of PTCL was 532,700 shares. The volume of OGDCL was 259,200 shares as compared to previous turnover of 162,600 shares. The turnover of Pakistan Petroleum was 55,400 shares.

Copyright Business Recorder, 2005