LSE index gains 63.49 points

RECORDER REPORT

LAHORE: Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Friday and the equities registered gains across the board following fresh buying in blue chips.

The LSE-25 index was improved by 63.49 points and was ended at 3095.91 points against 3032.42 points of Thursday, while transaction volume was restricted to 2.282 million shares, as compared to 2.473 million shares traded a day earlier.

The market was opened on a healthy sign and kept on moving in positive zone throughout the day. The investors stayed on buying course and made entries in PSO, OGDC, Attock Refinery, Fauji Fertilizer, Fauji Fertilizer Bin Qasim, Engro Corporation, Fatima Fertilizer, MCB Bank, National Bank, Bank Alfalah, Bank of Punjab, Lucky Cement, D.G. Khan Cement, Nishat Mills and Arif Habib Corporation. The sentiments also remained intact in the second trading session that helped market improvement.

However, Silk Bank, Japan Power, United Bank, Lafarge Pakistan Cement, Pace Pakistan and Engro Polymer and Chemical witnessed profit taking and were closed with marginal declines.

The gainers were more than the losers. Of 94 active issues, 28 companies registered gains, 8 stayed in negative zone, while 58 companies remained unchanged at their previous closing.

PSO was improved by Rs 9.16, Fauji Fertilizer gained Rs 8.77, OGDC was appreciated by Rs 6.65, while Attock Refinery and MCB Bank were up by Rs 3.47 and Rs 3.01, respectively.

PPL lost 24-paisa Silk Bank was declined by 19-paisa, while Japan Power was down by 14-paisa.

Fatima Fertilizer was the market leader whose 352.353 shares changed hands followed by D.G. Khan Cement with trading of 345,950 shares.