Equities on Tuesday staged recovery on the Lahore Stock Exchange and registered gains amid bullish sentiments following buyers' interest in select bluechips including oil sector shares. The LSE-25 index was jumped to 5789.79 against 5647.07 of Monday, denoting a gain of 142.72 points while transaction volume was increased to 3.596 million shares compared with day earlier volume of 1.317 million shares.
The market was opened on a healthy note and kept on rising throughout the day, as investors stayed on buying course and made entries in select bluechips like Mari Petroleum, PSO, Hascol Petroleum, PPL, Lucky Cement, Lafarge Pakistan Cement, Gul Ahmed Textile Mills, Engro Foods, Sui Northern, Sui Southern, K-Electric, Engro Fertilizer, Lotte Chemical Pakistan, National Bank and Bank Alfalah.
However, profit taking was also seen in Shell Pakistan, MCB Bank, Millat Tractors, Samin Textile Mills, Nishat Mills, Nishat Chunian Power, Byco Petroleum, Fatima Fertilizer, Crescent Steel & Allied and Adamjee Insurance. The advancing stocks were ahead of the declining ones, as out of a total of 91 active issues, 23 companies posted gains, 18 suffered losses while 50 companies were ended without any change. Mari Petroleum gained Rs 17.75, Lucky Cement was improved by Rs 16.99, PSO was appreciated by Rs 4.56 while Hascol Petroleum, Gul Ahmed Textile Mills and Engro Foods were up by Rs 3.70, Rs 2.20 and Rs 2.10, respectively.
Shell Pakistan lost Rs 10.60, MCB Bank was declined by Rs 5.59, while Millat Tractors and Samin Textile Mills were down by Rs o3.46 and Rs 1.00, respectively. K-Electric was the market leader whose 927,000 shares changed hands followed by Fatima Fertilizer with 400,000 shares.