LSE index gains 27.61 points
Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid ascending transaction volume on account of fresh buying select scrips. The LSE-25 index gained 27.61 points to close at 4958.53 against 4930.92 of Monday while trading turnover was increased to 4.886 million shares compared with day earlier volume of 3.548 million shares.
Copyright Business Recorder, 2014
The market was opened on a healthy sign but later kept on moving up and down throughout the day. The investors' interest in PPL, Attock Refinery, Nishat Mills, Nishat Chunian, United Bank, Fauji Fertilizer, Engro Foods, Maple Leaf Cement, Fauji Cement, Lafarge Pakistan, Adamjee Insurance, PTCL and Japan Power helped index improvement. However, profit taking as also seen in National Bank, Bank Alfalah, Engro Fertilizer, Saudi Pak Leasing, Pakgen Power, Byco Petroleum, Flying Cement, PIA and Silk Bank which were ended in negative column. The advancing stocks were ahead of the declining ones, as out of a total of 99 active issues, 34 active issues, 14 went down while 51 companies stayed glued to their last day closing.
PPL gained Rs 6.50, Nishat Mills was improved by Rs 6.40, United Bank was appreciated by Rs 3.73, while Attock Refinery, Fauji Fertilizer, and Engro Foods were up by Rs 2.98, Rs 1.75 and Rs 1.69, respectively. In the minus column, National Bank lost Rs 2.75, Engro Fertilizer was declined by Rs 2.08 while Engro Corporation was depreciated by Rs 1.03. Bank of Punjab (Right) with trading of 2.291 million shares topped the volume leaders followed by Bank of Punjab with 1.044 million shares.