Equities registered gains at the Lahore Stock Exchange (LSE) on Monday amid ascending transaction volume mainly on account of fresh buying activity in selective scrips. The LSE-25 index showed an improvement of 22.54 points and closed at 3259.82 points against 3237.28 points of last Friday. Trading turnover surged to 03.362 million shares as compared to 02.265 million shares traded on last working day.
The market opened on a cautious note and closed in positive territory due to taking fresh position by the investors only in selective scrips. FFC, Adamjee Insurance Corporation, MCB Bank, Fauji Fertiliser Bin Qasim, Pak Oil Fields, Arif Habib Corporation, Noon Sugar Mills, Netsol Technologies, and Engro Corporation registered gains while OGDC, PSO, Dawood Hercules, Thal Limited, Attock Refinery, Pioneer Cement, PPL, Orix Leasing and Askari Bank appeared as major losers.
Brokers believe that levels of a few scrips are still attractive and investors can fetch profit by investing in those shares. They opined that positive news on economic and political fronts could give boost to the market. Losers were just ahead with the gainers, as of 100 traded scrips, 25 showed strength and 27 went down, while values of 48 companies remained unchanged.
Among gainers, FFC gained Rs 3.23, Adamjee Insurance improved by Rs 2.29, MCB Bank appreciated by Rs 1.49 while Fauji Fertiliser Bin Qasim, Pak Oil Fields, Arif Habib Corporation, Noon Sugar Mills, Netsol Technologies, and Engro Corporation were up by Rs 1.19, Rs 1.10, Rs 1.05, Re 1.00, Rs 0.95 and Rs 0.92, respectively.
On the other hand, OGDC lost Rs 1.52, PSO declined by Rs 1.50, while Dawood Hercules, Thal Limited, Attock Refinery, Pioneer Cement, PPL, Orix Leasing and Askari Bank were down by Rs 1.33, Rs 1.30, Rs 1.07, Re 1.00, Rs 0.65, Rs 0.33 and Rs 0.23, respectively.