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Equities maintains upward run on LSE

Equities on Tuesday maintained upward run on Lahore Stock Exchange and registered gains across the board amid improved turnover due to fresh buying in select scrips. The LSE-25 index jumped to 2828.51 points against 2734.46 points of Monday, denoting an increase of 94.05 points, while volume increased to 1.237 million shares compared with 1.121 million shares.

The market opened on a healthy note and remained in green zone throughout the day. The investors stayed on buying course and picked potential shares of their choice that kept the market in positive zone. OGDC, Attock Refinery, PPL, Fauji Fertiliser, Engro Corporation, Fauji Fertiliser Bin Qasim, Fatima Fertiliser, MCB Bank, National Bank, Lotte Pakistan PTA and Dewan Salman Fibre helped improve the market sentiment.

However, PSO, Pakistan Oilfields, United Bank, Silk Bank, Faysal Bank, NetSol Technologies and Pace Pakistan registered losses. The advancing stocks were ahead of the declining ones, as out of 90 active issues, 26 companies showed strength and 7 went down, while 57 companies stayed glued to their previous levels.

OGDC improved by Rs 6.47, Fauji Fertiliser appreciated by Rs 5.03, Engro Corporation gained Rs 4.58, Attock Refinery was up by Rs 3.52, and MCB Bank gained Rs 3.43. PSO lost Rs 5.50, Pakistan Oilfields declined by Rs 1.30, and United Bank was down by Rs 1.00. Fatima Fertiliser was the market leader whose 325,221 shares changed hands followed by Silk Bank was runner-up with 281,408 shares.

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