Dull activity at LSE

RECORDER REPORT

LAHORE: Activities remained dull at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday.

The LSE-25 index further declined by 9.99 points and was closed at 3663.57 points against 3673.56 points of Thursday, while transaction volume squeezed to 07.885 million shares, as compared to previous volume of 09.289 million shares.

According to brokers, the current political situation in the country is also leaving a negative impact on the local bourses. Investors have adopted cautious approach and are not ready to take fresh positions.

Engro Foods, Fauji Fertilizer Bin Qasim, FFC, Dewan Cement Limited, Adamjee Insurance, Millat Tractors Limited, Bank Alfalah, Fauji Cement, Dewan Salman Fibre and Pak Electron Limited resisted pressure and registered gains while Lucky Cement, Nishat Mills, PPL, NBP, Attock Refinery, Hira Textile Mills, Pakistan Reinsurance Company, OGDC, Summit Bank and IGI Investment Bank suffered losses and closed in minus column.

The losers were ahead with the gainers, as out of a total of 96 companies, 14 showed strength and were closed in green zone, 33 suffered losses, while 49 companies stayed unchanged at their previous levels.

Among the gainers, Engro Foods gained Rs. 2.19, Fauji Fertilizer Bin Qasim was improved by Rs. 2.01, FFC was appreciated by 85 paisa, while Dewan Cement Limited, Adamjee Insurance, Millat Tractors Limited, Bank Alfalah, Fauji Cement, Dewan Salman Fibre and Pak Electron Limited were up by 79 paisa, 66 paisa, 61 paisa, 25 paisa, 23 paisa, 23 paisa and 22 paisa, respectively.

Among the losers, Lucky Cement shed Rs. 2.82, Nishat Mills was declined by Rs. 2.15, PPL lost Rs. 1.97, while NBP, Attock Refinery, Hira Textile Mills, Pakistan Reinsurance Company, OGDC, Summit Bank and IGI Investment Bank were down by Rs. 1.54, Re 1.00, Re 1.00, 0.81 paisa, 67 paisa, 48 paisa and 0.47 paisa, respectively.