Equities on Friday moved both ways on the Lahore Stock Exchange (LSE) and finally ended in positive zone amid descending transaction volume on account of lacking interest on the part of investors. The LSE-25 index marginally declined by 4.89 points and was ended at 3236.69 points against 3241.58 points of Thursday, while trading turnover was reduced to 2.265 million shares, as compared to last day volume of 2.469 million shares.
The market opened on depressed note but after showing marginal decline recovered the day loss. As soon as the second session commenced, the market once again fell down due to selling pressure in oil sector shares including Pakistan Oil Fields, OGDC, Attock Refinery, and some other blue chips like National Bank, Bank Alfalah, Bank of Punjab, Thal Limited and Adamjee Insurance.
However, the buying interest in Dawood Hercules Chemical, Central Insurance, First Capital Equities, Treet Corporation and Pakistan Reinsurance helped market avert more losses. The gainers were more than the losers, as out of a total 107 active companies, 34 posted gains, 20 landed in negative column, while values of 53 companies remained unchanged at their previous levels.
Dawood Hercules Chemical gained Rs 2.32, Habib Bank was appreciated by Rs 2.24, Central Insurance was improved by Rs 1.84, while First Capital Equities and Treet Corporation were up by Rs 1.82 and Rs 1.62, respectively. Pakistan Oil Fields lost Rs 2.57, OGDC was declined by Rs 1.85, while Attock Refinery and National Bank were down by Rs 1.23 and Rs 1.21 respectively. Lotte Pakistan PTA was the market leader whose 546,382 shares changed hands followed by National Bank with 404,724 shares.
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