LSE index loses 5.14 points
Bearish sentiments continued to prevail for another day on the Lahore Stock Exchange on Tuesday and the equities suffered more decline amid a volatile situation. The LSE-25 index lost 5.14 points to close at 5863.61 against 5868.75 of Monday while the transaction volume slightly increased to 850,200 shares compared with the day earlier volume of 803,000 shares.
Copyright Business Recorder, 2015
The market opened on a healthy note but it failed to sustain following lack of interest on the part of investors. The market was volatile since it kept fluctuating throughout the day. Bank Alfalah, Askari Bank, Faysal Bank, Fauji Cement, Fauji Fertilizer Bin Qasim, K-Electric, Dewan Salman Fibre and Pace Pakistan resisted pressure while Engro Foods, OGDC, Hascol Petroleum, National Bank, Adamjee Insurance, Pak Elektron, Engro Fertilizer, Fecto Cement, Maple Leaf Cement and PIA were succumbed of profit taking. The declining stocks were ahead of the advancing ones as out of 79 active issues, eight companies recorded gains while 16 losses with 55 companies staying glued to their overnight closing. Bank Alfalah gained Rs 1.56 with Fauji Cement and Askari Bank gaining 87-paisa and 70-paisa, respectively.
Engro Foods and OGDC lost Rs 5.00 and Rs 2.80, respectively, while National Bank and Adamjee Insurance were down by Rs 2.55 and Rs 2. Bank of Punjab was the market leader whose 218,000 shares changed hands followed by Lafarge Pakistan Cement with 145,000 shares.