Equities on Tuesday made recovery amid bullish sentiments on the Lahore Stock Exchange (LSE) following fresh buying in ready board shares. The LSE-25 index was increased to 2700.49 points against 2628.16 points of Monday, thus denoting an increase of 72.33 points, while transaction volume was also increased to 1.948 million shares, as compared to 1.059 million shares traded a day earlier.
The market was opened on a healthy sign and showed vertical rise soon after the commencement of trading. The market kept on staying in green zone almost throughout the day following the investors' interest who made fresh entries in blue chips, while buying in ready board also helped market sentiments.
MCB Bank, National Bank, Bank of Punjab, Pakistan Oil Fields, Attock Refinery, PSO, Byco Petroleum, Engro Corporation, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Fatima Fertiliser, Nishat Mills, Arif Habib Corporation, Lotte Pakistan PTA, D.G. Khan Cement and WorldCall Telecom attracted investors' interest and thus ended with visible gains. However, Bank Al-Habib, Lafarge Pakistan Cement, Nimir Industrial Chemical registered marginal declines.
The advancing stocks were ahead of declining ones, as out of a total of 97 active issues, 29 companies registered gains, 5 stayed in minus zone, while 63 companies stayed glued to their previous closing. MCB Bank gained Rs 6.99, Pakistan Oil Fields was appreciated by Rs 6.14, Engro Corporation was improved by Rs 5.56, while PPL and Attock Refinery were up by Rs 3.27 and Rs 3.16, respectively.
Bank Al-Habib lost 15-paisa, Lafarge Pakistan Cement was declined by 6-paisa, while Nimir Industrial Chemical was down by 5-paisa. Lotte Pakistan PTA was the market leader whose 499,350 shares changed hands followed by National Bank with 346,510 shares.
Comments
Comments are closed.