Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains across the board amid improved trading turnover following fresh buying in potential shares. The LSE-25 index was jumped to 3476.02 against 3381.38 of Thursday, denoting an improvement of 94.64 points while transaction volume was increased to 5.866 million shares as compared to previous volume of 4.568 million shares.
The market was opened on a positive sign and stayed in green zone throughout the day. The investors kept on buying potential shares that provided support to the market sentiments.
The fertiliser, banking, cement and oil sector's companies performed well. As a result, Engro Corporation, Fatima Fertiliser, MCB Bank, National Bank, Bank of Punjab, NIB Bank, Lotte Pakistan PTA, Attock Refinery, PPL, Pakistan Oil Fields, D.G. Khan Cement, Lafarge Pakistan Cement, Fauji Cement, Maple Leaf Cement, and Adamjee Insurance registered considerable gains.
However, Fauji Fertiliser, Habib Bank, Engro Polymer and Chemical and Nishat Chunian remained under pressure. The advancing stocks were ahead of the declining ones, as out of a total of 106 active issues, 39 companies posted gains, 5 went down while 62 companies remained unchanged at their previous closing.
Engro Corporation gained Rs 3.39, Attock Refinery was improved by Rs 2.74, MCB Bank was appreciated by Rs 2.41 while Adamjee Insurance and National Bank were up by Rs 2.38 and Rs 2.34 respectively. Fauji Fertiliser was declined by Rs 1.78, while Habib Bank and Engro Polymer and Chemical lost 60-paisa and 25-paisa, respectively. Lafarge Pakistan Cement was the market leader whose 1.429 million shares changed hands followed by Fauji Cement with 1.034 million shares.
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