LSE index surges by 39.72 points
Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in green zone across the board amid decreased trading turnover. The LSE-25 index was improved by 39.72 points to close at 5334.72 against 5295.00 of Monday while transaction volume was squeezed to 921,400 shares compared with day earlier volume of 1.2 million shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note but could not sustain and was sharply declined due to selling pressure. Later, the market witnessed up and downward moves till close of the trading. However, last hour buying helped market closing in green zone. Mari Petroleum, PSO, Shell Pakistan, PPL, Engro Corporation, Fauji Fertilizer, Engro Foods, Nishat Mills, Kohat Cement, General Tyre & Rubber, Bank of Punjab and PIAC contributed to the market sentiments. Only a few companies like Nimir Industrial Chemical, K-Electric and Silk Bank were ended with marginal declines.
The advancing stocks were ahead of the declining ones. Of 85 active issues, 42 companies posted gains, three went down, while 40 companies stayed glued to their previous closing. Excide Pakistan gained Rs 16.39, Mari Petroleum was improved by Rs 11.59, PSO was appreciated by Rs 8.44 while Shell Pakistan, Engro Corporation and Nishat Mills were up by Rs 6.54, Rs 6.4 and Rs 4.6, respectively. Nimir Industrial Chemical lost 17-paisa while K-Electric and Silk Bank were down by 12-paisa and 03-paisa, respectively. K-Electric was the market leader whose 177,500 shares changed hands followed by Fauji Fertilizer with 153,600 shares.