Negative sentiments prevailed on the Lahore Stock Exchange (LSE) where equities suffered more losses amid descending transaction volume on Thursday. The LSE-25 index lost 21.43 points and was closed at 3153.66 against 3175.09 of Wednesday while transaction volume significantly declined to 06.538 million shares as compared to 10.250 million shares traded on Wednesday.
The market opened on a negative note and remained in red zone almost throughout the day. Brokers said that the investors offloaded their holdings to get of the market at available rates. The small investors are showing cautious approach and opting for short-term investment to get profit. This is leading the market towards downward trend, they said.
Attock Refinery, PSO, PPL, Pak Oil Fields, Nishat Mills, Engro Corporation, FFC, EFU General Insurance and SSGCL remained under selling pressure and stayed in negative column. The losers were more than the gainers, as out of a total of 100 companies, 19 posted gains, 40 registered losses while values of 41 companies remained unchanged at their overnight closing levels.
Among the gainers, Mari Gas gained Rs 1.66; HBL was improved by Rs 1.05, while Frontier Ceramics Limited and SNGPL were appreciated by Re 1.00 and Re 0.45, respectively. On the contrary, PSO lost Rs 3.66; PPL was depreciated by Rs 2.99, while Pak Oil Fields and Nishat Mills were down by Rs 2.53 and Rs 2.19, respectively.
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