Bearish sentiment prevailed on Lahore Stock Exchange on Monday and the equities remained under pressure due to lack of interest on the part of investors. The LSE-25 index was declined by 28.26 points and closed at 3113.83 points against 3142.09 points of last Friday, while volume marginally decreased to 1.518 million shares as compared to 1.666 million shares.
The market opened on a depressed note and remained volatile throughout the day, and investors avoided taking fresh position. That resulted in low trading. MCB Bank, United Bank, Fauji Fertiliser, Engro Corporation, Lucky Cement, PSO, OGDC, Adamjee Insurance, and Engro Goods registered gains while Attock Refinery, PPL, Pakistan Oilfields, Byco Petroleum, Fauji Fertiliser Bin Qasim, Fatima Fertiliser, Bank Al-Habib, Nishat Mills, National Bank, Arif Habib Corporation, and Lotte Pakistan PTA remained under pressure.
Declining stocks were ahead of the advancing ones, as out of 91 active issues, 14 companies posted gains and 21 landed in negative column, while 56 companies stayed glued to their previous levels. MCB Bank gained Rs 4.07, Fauji Fertiliser improved by Rs 2.17, Engro Corporation was up by 90 paisa and Engro Foods gained 84 paisa.
In the minus column, Attock Refinery lost Rs 3.72, Pakistan Oilfields declined by Rs 2.00, Fauji Fertiliser Bin Qasim lost Rs 1.80 and Bank Al-Habib was down by Rs 1.20. Fauji Fertiliser Bin Qasim with trading of 281,520 shares topped the volume leaders, followed by Lotte Pakistan PTA with 206,305 shares.
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