Last update: Wed, 10 Feb 2016 08pm

LSE equities settle in negative zone

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid marginally improved trading turnover. The LSE-25 index lost 13.39 points to close at 4706.03 against 4719.42 of Monday, while transaction volume was increased to 1.616 million shares compared with last day volume of 1.445 million shares.

The market was opened on mixed note but witnessed sharp fall due to selling pressure in select shares. Later, the market remained volatile and kept on moving up and down till close of trading. Engro Corporation, Engro Foods, Tariq Glass Industries, Hub Power, PIAC, D.G. Khan Cement, Lotte Chemical Pakistan and Pace Pakistan resisted pressure while Nishat Chunian, Nishat Mills, PPL, Fauji Fertiliser, Adamjee Insurance, Pakistan Reinsurance, Maple Leaf Cement, Fauji Cement, and Bank Alfalah suffered losses due to profit taking.

The losers were more than the gainers, as out of a total of 100 active issues, 17 companies posted gains, 21 stayed in negative column while 62 companies remained unchanged at their previous closing. Engro Corporation gained Rs 1.73, Engro Foods was improved by Rs 1.50, Tariq Glass Industries was appreciated by Rs 1.07 while Samin Textile Mills was up by Rs 1.00.

In the minus column, Nishat Chunian lost Rs 1.85, PPL was declined by Rs 1.45 while Nishat Mills shed Rs 1.01. PIAC with trading of 917,500 shares topped the volume leaders followed by Bank of Punjab with 126,000 shares.

Copyright Business Recorder, 2013