Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities registered gains across the board amid ascending transaction volume following fresh buying in blue chips. The LSE-25 index was increased by 73.45 points and was ended at 3019.34 points against 2945.89 points of Thursday, while trading turnover was significantly increased to 3.473 million shares, as compared to last day volume of 1.139 million shares.
The market was opened on positive sign and stayed in green zone throughout the day. The investors stayed on buying course and picked potential shares that kept the market in bullish zone. As a result, PSO, Pakistan Oil Fields, PPL, OGDC, of the oil sector and Engro Corporation, Fauji Fertiliser and Fauji Fertiliser Bin Qasim from the fertiliser sector helped market sentiments. Similarly, MCB Bank, National Bank, Adamjee Insurance, Nishat Mills, Bank of Punjab, D.G. Khan Cement and Lafarge Pakistan Cement also performed well. However, Hira Textile Mills, Arif Habib Corporation, Fatima Fertiliser and Silk Bank remained under pressure and recorded marginal declines.
The advancing stocks were far ahead of the declining ones. Of 98 active issues, 33 companies registered gains, 5 showed losses, while 60 companies stayed glued to their previous levels. PSO was improved by Rs 11.93, Pakistan Oil Fields was appreciated by Rs 9.60, PPL gained Rs 8.23, while MCB Bank and Fauji Fertiliser were up by Rs 7.21 and Rs 6.53, respectively.
Hira Textile lost 39-paisa, Arif Habib Corporation was declined by 35-paisa, while Fatima Fertiliser was down by 14-paisa. Lafarge Pakistan Cement was the market leader whose 863,092 shares changed hands followed by Bank of Punjab with 502,971 shares.
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