Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities extended further gains amid decreased trading turnover. The LSE-25 index was improved to 4108.31 and was closed at 4012.68 denoting a gain of 95.63 points while transaction volume was squeezed to 5.025 million shares compared with the day earlier volume of 7.010 million shares.
The market was opened on a positive sign and kept on moving up throughout the day. The investors stayed on buying course and made entries in PSO, Treet Corporation, D.G. Khan Cement, Maple Leaf Cement, Pioneer Cement, Arif Habib Corporation, Saif Textile Mills, Sui Northern, NetSol Technologies, Honda Atlas Cars and KESC.
Profit taking was also seen in D.S. Industries, Pervez Ahmed Securities, Nishat Chunian, National Bank, Bank Alfalah, Fauji Fertiliser, Pakistan Reinsurance, Byco Petroleum, Pace Pakistan, and Dewan Salman Fibre. The advancing stocks were ahead of the declining ones, as out of a total of 109 active companies, 38 posted gains, 26 ended in negative column while 45 companies stayed glued to their previous closing.
PSO was improved by Rs 7.83, Treet Corporation gained Rs 3.40, D.G. Khan Cement was appreciated by Rs 1.94 while Arif Habib Corporation and Saif Textile Mills were up by Rs 1.19 and Rs 1.5, respectively. D.S. Industries lost 95-paisa, Pervez Ahmed Securities was declined by 71-paisa, Nishat Chunian shed 50-paisa while National Bank was down by 37-paisa. KESC was the market leader whose 699,000 shares changed hands followed by Fauji Cement with 519,000 shares.
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