LSE index gains 14.49 points
Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains amid ascending transaction volume on account of fresh buying. The LSE-25 index gained 14.49 points and was ended at 5312.43 against 5297.94 of Thursday while trading turnover was increased to 2.688 million shares compared with day earlier volume of 1.315 shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note and stayed in green zone during both the trading sessions, as investors made entries in oil sector shares like Mari Petroleum, Shell Pakistan, PPL, Hascol Petroleum while Akzo Nobel, Honda Atlas Cars, Engro Fertilizer, D.G. Khan Cement, Cherat Packaging, Fauji Cement and Askari Bank also helped market sentiments. However, profit taking ahead of weekend was also seen in Engro Foods, Avanceon Limited, Gharibwal Cement, Cherat Cement, Dewan Cement, PTCL, Pak Elektron, Dewan Farooq Motors, Silk Bank and Bank of Punjab.
The gainers were more than the losers as out of a total of 103 active issues, 25 companies posted gains, 12 suffered losses while 66 companies stayed glued to their overnight closing. Mari Petroleum gained Rs 17, Akzo Nobel Pakistan was improved by Rs 7.83, Cherat Packaging was appreciated by Rs 4.98 while Shell Pakistan and PPL were up by Rs 3.42 and Rs 3.07, respectively. In the minus column, Engro Foods lost Rs 1.66, Avanceon Limited was declined by Rs 1.45, while Gharibwal Cement shed Re 1. Gharibwal Cement with trading of 1.542 million shares topped the volume leaders followed by NIB Bank with 285,000 shares.