LSE index gains 45.68 points
Equities on Tuesday staged recovery and registered gain on the Lahore Stock Exchange amid marginally improved trading turnover. The LSE-25 index gained 45.68 points to close at 5490.18 against 5444.50 of Monday while transaction volume was increased to 2.224 million shares compared with day earlier volume of 1.792 million shares.
Copyright Business Recorder, 2014
The market was opened on a healthy note and witnessed sharp rise, as it gained over 50 points during first trading hour. Later, the market remained range-bound till close of trading. Buying interest in Attock Refinery, PPL, National bank, Fauji Fertilizer, Akzo Nobel, Treet Corporation, Avanceon, Chashma Sugar Mills, Maple Leaf Cement, Lafarge Pakistan Cement, Fauji Cement, and Highnoon Laboratories helped market stay in bullish zone. However, Engro Corporation, Fauji Fertilizer Bin Qasim, NetSol Technologies, Orix Leasing, Adamjee Insurance, Nishat Chunian, DG Khan Cement, Dewan Cement Byco Petroleum and Pace Pakistan remained under selling pressure on account of profit taking.
The advancing stocks were ahead of the declining ones, as out of a total of 104 active issues, 28 companies posted gains, 17 suffered declines while 59 companies remained unchanged at their last day closing. Service Industries gained Rs 6.60, Attock Refinery was improved by Rs 2.65, Akzo Nobel was appreciated by Rs 2.29, while PPL and National Bank were up by Rs 2.04 and Rs 1.98, respectively. In the minus column, Engro Corporation lost Rs 4.71, NetSol Technologies was declined by Rs 1.90, while Orix Leasing shed Rs 1.25. Maple Leaf Cement was the market leader whose 263,000 shares changed hands followed by NIB Bank with 261,000 shares.