Bullish sentiments prevailed on the Lahore Stock Exchange on Monday where equities registered gains amid decreased trading turnover due to the investors' conscious approach while taking positions. The LSE-25 index gained 9.31 points and was closed at 3204.94 against 3195.63 of last Friday while transaction volume was restricted to 1.277 million shares as compared to previous volume of 1.803 million shares.
The market opened on a mixed note and showed downward move soon after the commencement of trading. However, later the market started rising following fresh entries in selective shares like PPL, OGDC, PSO, United Bank, Faysal Bank, Fauji Fertiliser, Engro Corporation, Lotte Pakistan PTA, Pakistan Reinsurance, Fauji Fertiliser Bin Qasim, D.G. Khan Cement and Lafarge Pakistan Cement. Because of the investors' interest in these shares, the market stayed in positive zone almost throughout the day.
However, Pakistan Oil Fields, Attock Refinery, Millat Tractors, Kot Addu Power, Dewan Salman Fibre and NetSole Technologies remained under selling pressure. The gainers were more than the losers. As many as 33 companies, out of a total of 109, posted gains, 19 went down while 57 companies stayed glued to their previous levels. First Capital Equities gained Rs 6.06, PPL was improved by Rs 4.65, OGDC was appreciated by Rs 1.75 while United Bank and PSO were up by Rs 1.47 and Rs 1.01 respectively.
In the minus column, Bata Pakistan lost Rs 6.36, Pakistan Oil Fields was declined by 83-paisa, Millat Tractors was decreased by 74-paisa while Allied Bank and Attock Refinery were down by 45-paisa and 42-paisa respectively. NIB Bank with trading of 185,601 shares topped the volume leaders followed by Lotte Pakistan PTA with 170,250 shares.
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