LSE-25 index up by 114.89 points
Bullish sentiments dominated on the Lahore Stock Exchange on Monday, as the LSE-25 index registered handsome gain of 114.89 points to close at 5291.43 against 5176.54 of last Friday. However, transaction volume was restricted to 1.2 million shares compared with previous volume of 1.553 million shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note and stayed in green zone as investors made fresh entries in shares. As a result, Hascol Petroleum, K-Electric, Bank Al-Habib, Askari Bank, Lafarge Pakistan Cement, Fauji Cement, PICIC Investment Fund and Lotte Chemical Pakistan ended with gains.
On the contrary, D G Khan Cement, Kohat Cement, Maple Leaf Cement, Gul Ahmed Textile Mills, Avanceon Limited, Pakistan Reinsurance, PTCL, WorldCall Telecom, Fatima Fertilizer, Faysal Bank and Dewan Farooq Motors, Byco Petroleum and Pak Elektron remained under selling pressure.
The losers were more than the gainers, as out of a total of 76 active issues, eight companies posted gains, 18 registered declines while 50 companies remained unchanged at their previous closing.
Hascol Petroleum gained 93-paisa, K-Electric was improved by 62-paisa while Bank Al-Habib and Lafarge Pakistan Cement were up by 40-paisa and 19-paisa, respectively.
D G Khan Cement lost Rs 1.75, Gul Ahmed Textile Mills was declined by Rs 1.1, while Kohat Cement and Avanceon Limited were down by 76-paisa and 60-paisa, respectively.
K-Electric with trading of 298,500 shares topped the volume leaders followed by Lafarge Pakistan Cement with 201,500 shares.