Bearish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities remained under selling pressure that throughout the day. The LSE-25 index was slide down to 3626.15 against 3719.3 of Tuesday, denoting a fall of 93.15 points while transaction volume was increased to 3.125 million shares as compared to 2.037 million shares traded a day earlier.
The market was opened on a depressed note and kept on declining during the entire day's trading. The market did not find any supply at any level, as investors stayed away from the buying course. As a result almost all the bluechips and ready board shares like Engro Corporation, MCB Bank, Habib Bank, Bank of Punjab, NIB Bank, Engro Foods, Adamjee Insurance, Nishat Mills, Attock Refinery, PPL, Kohat Cement, Dewan Cement, Fauji Cement, DG Khan Cement, Lucky Cement, Lafarge Pakistan Cement, Lotte Pakistan PTA and PTCL registered losses. However, MACPAC Films, Japan Power and Samba Bank resisted pressure with marginal gains. The losers were far more than the gainers, as of 96 active issues, three companies posted gains, 42 stayed in minus column while 51 companies remained unchanged at their previous closing.
MACPAC Films gained Rs 1.03 while Japan Power was improved by two-paisa. In the negative column, Engro Corporation lost Rs 5.23, Lucky Cement was declined by Rs 3.94, MCB Bank was depreciated by Rs 3.57, PPL shed Rs 3.29 while Engro Foods and Adamjee Insurance were down by Rs 3.03 and Rs 2.9 respectively. Fauji Cement with trading of 446,716 shares topped the volume leaders while D G Khan Cement stayed as runner up with 401,456 shares.
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