LSE index gains 323.61 points
Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities staged recovery amid improved trading turnover following buying interest on the part of investors. The LSE-25 index witnessed substantial gain of 323.61 points and was ended at 5161.52 points against 4837.91 points of Thursday while transaction volume was increased to 1.553 million shares compared with day earlier volume of 1.298 million 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 kept on making entries in bluechips and ready board shares. As a result most of the trading companies including PSO, Attock Refinery, Hascol Petroleum, Byco Petroleum, MCB Bank, National Bank, Bank of Punjab, Cherat Cement, Lafarge Pakistan Cement, Fauji Cement, Engro Fertiliser, Fauji Fertiliser, Sui Southern, PIAC and WorldCall Telecom were ended with considerable gain.
The advancing stocks were ahead of the declining ones, as out of a total of 84 active issues, 30 companies posted gains, two suffered declines while 52 companies remained unchanged at their previous closing. PSO gained Rs 13.34, MCB Bank was improved by Rs 10.1, Hascol Petroleum was appreciated by Rs 3.12 while National Bank and Cherat Cement were up by Rs 2.74 and Rs 2.62, respectively. However, in the minus column, Adamjee Insurance lost 39-paisa while Askari Bank shed 27-paisa. Bank of Punjab with trading of 520,000 shares topped the volume leaders followed by PIAC with 210,000 shares.