LSE index improves by 12.35 points
Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday and the equities registered gains amid volatile situation. The LSE-25 index was improved by 12.35 points to close at 5502.40 against 5490.05 of Tuesday while transaction volume was squeezed to 772,100 shares compared with previous volume of 1.517 million shares.
Copyright Business Recorder, 2014
The market was opened on a positive sign but later witnessed up and downward moves throughout the day. The volatile situation resulted in low trading volume. Cherat Cement, Engro Corporation, Fauji Fertilizer, Engro Fertilizer, Askari Bank, Crescent Steel & Allied, Hascol Petroleum, NetSol Technologies, Avanceon Limited and K-Electric were ended in positive zone. However, DG Khan Cement, Gul Ahmed Textile Mills, Sui Southern, Dewan Farooq Motors, Maple Leaf Cement, Fauji Cement, Lafarge Pakistan Cement, Byco Petroleum, PIA and Adamjee Insurance were ended in negative zone.
The gainers were slightly more than the losers. Of 79 active issues, 14 companies posted gains, 13 suffered losses while 52 companies stayed unchanged at their day earlier closing. Cherat Cement gained Rs 4.11, Engro Corporation was improved by Rs 2.77 while Engro Fertilizer was up by Rs 1.32. DG Khan Cement lost Rs 1.24 while Gul Ahmed Textile Mills and Sui Southern were down by 69-paisa and 33-paisa, respectively. Bank of Punjab with trading of 221,000 shares topped the volume leaders followed by Lafarge Pakistan Cement with 142,500 shares.