LSE index further improves 39.12 points
Bullish sentiments continued for another day on the Lahore Stock Exchange on Tuesday as the LSE-25 index further improved by 39.12 points to 6257.27 against 6218.15 of Monday. The transaction volume also increased to 2.519 million shares compared with the previous volume of 0.952 million shares. The market resumed trading on a positive note and stayed in green zone throughout the day.
Copyright Business Recorder, 2015
Following buyers' interest, Highnoon Laboratories, General Tyre & Rubber, Cherat Cement, Pioneer Cement, Power Cement, Lafarge Pakistan Cement, Treet Corporation, Pak Elektron, Adamjee Insurance, Tariq Glass, Byco Petroleum, National Bank, Bank Alfalah and Bank of Punjab made considerable gains. The Pakistan Oil Fields, PPL, Zil Limited, Japan Power, PIA, Pace Pakistan, Engro Polymer and Chemicals, WorldCall Telecom, Sui Northern and NIB Bank were succumbed of profit taking. Of 85 active issues, 26 companies posted gains, 11 suffered losses while 48 companies stayed glued to their previous closing.
Highnoon Laboratories gained Rs 7.71, General Tyre & Rubber, Rs 5.80, Cherat Cement Rs 3.96 while Treet Corporation, Pak Elektron and Adamjee Insurance were up by Rs 3.23, Rs 2.40 and Rs 2.30, respectively. The Pakistan Oil Fields lost Rs 16.50 while PPL and Zil Limited were down by Rs 2.75 and Re 1.00, respectively. The Bank of Punjab with trading of 1.049 million shares topped the volume leaders followed by NIB Bank with 391,500 shares.