The share market failed to maintain the bullish trend and ended lower following pressure caused by profit-taking, mainly in PSO and Javed Omer Vohra & Co, which shed their weight significantly on Thursday.
The LSE-25 index slipped back to 4,794.03 points from 4,810.80, showing a decline of 16.77 points. Turnover, however, improved to a considerable extent reaching 51.565 million shares from 35.372 million shares, to finally end with a net fall of 16.193 million shares.
Equities failed to show recovery signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings under the lead of hot favourite amid decrease in index.
ISE-10 Index was down by 4.27 points as it moved from 2,712.01 to 2,707.74 points. The overall turnover stood at 5,187,000 shares as compared to previous volume of 2,744,400 shares. The horizon of trade expanded from 142 stocks to 152 companies. Majority of stocks (86) closed in negative territory, 63 closed in positive zone, whereas three companies remained glued to their overnight levels.
The volume of Bank of Punjab was 1,015,500 shares as compared to previous turnover of 355,400 shares. The volume of DG Khan Cement was 668,000 shares as compared to previous turnover of 467,200 shares. The volume of Lukcy Cement was 389,400 shares.
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