LSE index improves by 35.92 points
Bullish sentiments dominated for the second day on the Lahore Stock Exchange on Wednesday and the equities extended further gains amid sluggish trading activity. The LSE-25 index was improved by 35.92 points to close at 5333.36 against 5297.44 of Tuesday while transaction volume was squeezed to 457,800 shares compared with day previous volume of 606,050 shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note and kept on rising throughout the day. The investors' interest in Millat Tractors, Honda Atlas Cars, Mari Petroleum, PSO, Allied Bank, National Bank, Glaxo Smith Kline, Nishat Chunian, Dewan Farooq Motors, Engro Fertilizer, Fatima Fertilizer and Pak Elektron held the market in green zone. Selling pressure was also seen in Treet Corporation, Ghazi Fabrics, D.G. Khan Cement, Soneri Bank, Bank of Punjab and Sui Southern which were ended in red zone. The gainers were more than the loser, as out of a total of 91 active issues, 26 companies posted gains, six stayed in minus column, while 59 companies stayed glued to their previous closing.
Millat Tractors gained Rs 15.84, Mari Petroleum was improved by Rs 10, Honda Atlas Cars was appreciated by Rs 7.03 while PSO and Allied Bank were up by Rs 6.75 and Rs 2.18, respectively. Treet Corporation lost Rs 5.99, Ghazi Fabrics was declined by Re 1 while DG Khan Cement and Soneri Bank were down by 51-paisa and 22-paisa, respectively. K-Electric with trading of 75,000 shares topped the volume leaders followed by Fatima Fertilizer with 65,000 shares.