LSE index marginally declines by 5.19 points
Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally settled in positive zone amid improved trading turnover. The LSE-25 index was marginally declined by 5.19 points to close at 5229.18 against 5234.37 of Wednesday while transaction volume was increased to 1.966 million shares compared with day earlier volume of 1.312 million shares.
Copyright Business Recorder, 2014
The market was opened on mixed note and kept on moving up and down during the day's trading. The investors made entries in select scrips like General Tyre & Ruber, Honda Atlas Cars, Samin Textile Mills, Gammon Pakistan, National Bank, Askari Bank, Crescent Steel & Allied and Redco Textile while profit taking was also seen in Millat Tractors, Engro Fertilizer, Avanceon Limited, Hascol Petroleum, Pakistan Reinsurance, Adamjee Insurance, Pak Elektron, Lafarge Pakistan Cement, PIA and K-Electric.
The gainers were slightly more than the losers as out of a total of 98 active issues, 16 companies posted gains, 13 stayed in negative column, while 69 companies remained unchanged.
General Tyre & Ruber gained Rs 6.24, Honda Atlas Cars was improved by Rs 6.12, Shell Pakistan was appreciated by Rs 5.57 while Samin Textile Mills and Gammon Pakistan were up by Re 1 each.
Millat Tractors lost Rs 9.97, Engro Fertilizer was declined by 89-paisa while Adamjee Insurance and Avanceon Limited were down by 50-paisa each.
K-Electric was the market leader whose 940,000 shares changed hands followed by Bank of Punjab with 368,500 shares.