Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally stayed in negative zone amid descending transaction volume due to lacking interest on the part of investors. The LSE-25 index lost 33.95 points and was closed at 3381.38 against 3415.33 of Wednesday while trading turnover was squeezed to 4.568 million shares as compared to 5.264 million shares traded a day earlier.
The market was opened on a positive sign but could not sustain due to lacking investors' interest that remained on the sideline. Later the market kept on moving up and down amid volatile situation that restricted the investors who adopted cautious approach and avoided taking positions.
A number of blue chips liked Attock Refinery, Byco Petroleum, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, MCB bank, National Bank, Pakistan Reinsurance, Dewan Farooq Motors, Dewan Salman Fibres, Askari Bank, Lotte Pakistan PTA, Lafarge Pakistan Cement, and Nishat Chunian remained under pressure. However, PPL, Engro Corporation, United Bank, Bank of Punjab, Nishat Chunian, Nishat Mills, D.G. Khan Cement, Nishat Power and Adamjee Insurance resisted pressure and were ended in green zone.
The losers were more than the gainers, as out of a total of 103 active issues, 21 companies posted gains, 27 stayed in minus column, while values of 55 companies remained unchanged at their previous closing. PPL gained Rs 6.53, United Bank was appreciated by Rs 1.72 while Engro Corporation and Kohat Cement were improved by Rs 1.51 and Rs 1.08 respectively.
In the minus column, Attock Refinery lost Rs 2.10, Fauji Fertiliser was declined by Rs 1.64, MCB Bank shed Rs 1.00 while National Bank was down by 96-paisa. Bank of Punjab with trading of 1.537 million shares topped the volume leaders followed by Fauji Cement with 783,550 shares.
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