LSE index improves marginally
Bullish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities registered gains amid ascending transaction volume following buyers' interest in bluechips. The LSE-25 index was marginally improved by 4.00 points and was closed at 5285.86 against 5281.86 of Tuesday while trading turnover was increased to 2.208 million shares compared with previous volume of 921,600 shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note and sharply moved up soon after the commencement of trading. The market stayed in green zone almost throughout the day, as investors made entries in General Tyre & Ruber, PSO, Engro Corporation, Cherat Cement, DG Khan Cement, Cherat Cement (Right), Askari General Insurance, Century Paper & Board Mills and Pak Elektron. Despite the selling pressure in select shares including Macpac Films, Mari Petroleum, Byco Petroleum, Soneri Bank, Maple Leaf Cement, Lafarge Pakistan Cement, Flying Cement, Engro Foods and Dewan Farooq Motors and due to profit taking, the market was ended in positive zone.
The gainers were more than the losers, as out of a total of 112 active issues, 26 companies registered gains, 13 posted losses while 73 companies stayed glued to their day earlier closing. Akzo Nobel Pakistan gained Rs 12.72, General Tyre & Rubber was improved by Rs 6.67, PSO was appreciated by Rs 5.32 while Engro Corporation and Cherat Cement were up by Rs 3.28 and Rs 2.75, respectively.
In the minus column, Mapac Films lost 40-paisa while Mari Petroleum and Soneri Bank were declined by 35-paisa and 29-paisa, respectively. Bank of Punjab with trading of 757,000 shares topped the volume leaders followed by Gharibwal Cement with 325,000 shares.