Bullish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered gains amid marginally increased trading turnover. The LSE-25 index gained 19.23 points to close at 5444.82 against 5425.59 of last Friday while trading turnover was increased to 1.062 million shares compared with previous volume of 802,100 shares.
The market was opened on a healthy note and kept on rising throughout the day, as investors made fresh entries in select bluechips like Attock Refinery, PPL, Nishat Mills, Allied Bank, Bank Al-Habib, Engro Fertiliser, Fauji Fertiliser and D.G. Khan Cement while Ghazi Fabrics, Gul Ahmed Textile Mills, Hascol Petroleum, Pakistan Oil Fields, Byco Petroleum, Pak Elektron, Pakgen Power, Dewan Farooq Motors, Fauji Cement, and Bank of Punjab remained under selling pressure. The gainers were more than the losers, as out of a total of 111 active issues, 30 companies posted gains, 11 suffered declines while 70 companies remained unchanged at their last week closing.
Attock Refinery gained Rs 5.82, Nishat Mills was improved by Rs 5.1 Allied Bank was appreciated by Rs 1.83 while PPL and D G Khan Cement were up by Rs 1.44 and Rs 1.35, respectively. Ghazi Fabrics lost Re 1 while Hascol Petroleum and Gul Ahmed Textile Mills were down by 70-paisa and 65-paisa, respectively. Bank of Punjab with trading of 210,500 shares topped the volume leaders followed by PIA with 200,000 shares.
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