LSE index down 137.97 points
Bearish sentiments prevailed at the Lahore Stock Exchange where losers outclassed gainers amid slight decline in the transaction volume on Tuesday. The LSE-25 index moved down to 5927.85 points against 6065.82 points on Monday, showing a decline of 137.97 points, while transaction volume slightly declined to 02.734 million shares, as compared to previous volume of 02.722 million shares.
Copyright Business Recorder, 2015
Brokers said the investors off-loaded their stocks, which resulted in bearish sentiments. The Pakistan Oil Fields Limited, OGDC, Systems Limited, SNGPL, SSGCL, EFU General Insurance Limited, Byco Petroleum Pakistan Limited, Shaheen Insurance Company Limited and Japan Power Generation Limited registered gains while Allied Bank Limited, Fauji Fertiliser Company Limited, Fauji Fertiliser Bin Qasim Limited, Pak Elektron Limited, Al Shaheer Corporation Limited, Pakcem Limited, Adamjee Insurance Company Limited, Askari Bank Limited, Arif Habib Corporation Limited and Ghani Automobile Industries suffered losses and closed in minus column.
The losers were much ahead with the gainers since of 74 companies, only 9 showed strength and were closed in green zone, 23 suffered losses, while 42 companies stayed unchanged at their previous levels. The Pakistan Oil Fields Limited gained Rs 6.08, OGDC appreciated by Rs 5.22, Systems Limited surged by Rs 3.71 while SNGPL, SSGCL, EFU General Insurance Limited, Byco Petroleum Pakistan Limited, Shaheen Insurance Company Limited and Japan Power Generation Limited were improved by Rs 1.65, Rs 1.55, Re 1.00, paisa-75, paisa-60 and paisa-55, respectively.
The Allied Bank Limited shed Rs 4.72, Fauji Fertiliser Company Limited was declined by Rs 3.84, Fauji Fertiliser Bin Qasim Limited lost Rs 3.05, while Pak Elektron Limited, Al Shaheer Corporation Limited, Pakcem Limited, Adamjee Insurance Company Limited, Askari Bank Limited, Arif Habib Corporation Limited and Ghani Automobile Industries lost Rs 2.00, Rs 1.26, paisa-70, paisa-68, paisa-65, paisa-50 and paisa-41, respectively. The volume leader of the day included Dewan Salman Fibre Limited with 881,000 shares, NIB Bank Limited with 520,000 shares and Lotte Chemical Pakistan Limited with 302,000 shares.