LSE index gains 187.61 points
The LSE-25 index jumped to 5715.09 against 5527.48 of Tuesday, showing a gain of 187.61 points as equities dominated the board on the Lahore Stock Exchange. The transaction volume also increased to 1.625 million shares compared with the day earlier volume of 1.095 million shares.
Copyright Business Recorder, 2015
Buyers' interest in bluechips and ready board shares including Engro Corporation, Fauji Fertiliser Bin Qasim, MCB Bank, Allied Bank, National Bank, Bank of Punjab, KASB Bank, Askari Bank, Silk Bank, Bank Al-Habib, Soneri Bank, Engro Foods, Treet Corporation, Pak Elektron, International Industries, PSO, Byco Petroleum, Hub Power, Fauji Cement and Maple Leaf Cement kept the market in green zone throughout the day. However, Fauji Fertilizer, Crescent Steel & Allied and Southern Electric Power remained under selling pressure.
The advancing stocks were ahead of the declining ones. Of 87 active companies, 38 registered gains, three suffered declines while 46 companies stayed glued to their previous closing. The Engro Corporation gained Rs 9.75, MCB Bank was appreciated by Rs 8.64, while Engro Foods, Treet Corporation and Pak Elektron ended with an improvement of Rs 4.87, Rs 3.28 and Rs 3.04. Fauji Fertilizer lost 72-paisa while Crescent Steel and Allied was down by 34-paisa. The Bank of Punjab topped the volume leaders with 485,000 shares followed by Fauji Fertilizer with 265,000 shares.