LSE index falls by 7.33 points
Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities suffered declines amid improved trading turnover. The LSE-25 index lost 7.33 points to close at 5309.74 points against 5317.07 points of last Friday while transaction volume was increased to 820,100 shares compared with previous volume of 608,400 shares.
Copyright Business Recorder, 2014
The market was opened on a depressed note and kept on sliding throughout the day, as investors offloaded their holdings in Treet Corporation, Tri-Pack Films, Allied Bank, National Bank, DG Khan Cement, Nishat Mills, Fauji Fertiliser Bin Qasim, Pervez Ahmed Securities, Adamjee Insurance and Byco Petroleum. However, investors' buying interest in OGDC, Dewan Farooq Motors, Nishat Chunian, Maple Leaf Cement, Fauji Cement, Silk Bank, and Soneri Bank helped market avert more declines.
The losers were more than the gainers, as out of a total of 87 active issues, eight companies posted gains, 18 stayed in negative zone while 61 companies remained unchanged at their last week closing. OGDC gained Rs 2.31, Dewan Farooq Motors was improved by 52-paisa while Nishat Chunian and Maple Leaf Cement were up by 50-paisa and 25-paisa, respectively.
Treet Corporation lost Rs 2.07, Tri-Pack Films shed 78-paisa while Allied Bank and Nishat Mills were down by 70-paisa and 56-paisa, respectively. Adamjee Insurance with trading of 139,500 shares topped the volume leaders followed by Silk Bank with 106,000 shares.