Bullish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered gains amid ascending transaction volume. The LSE-25 index was jumped to 5022.99 against 4908.63 of last Friday, denoting a gain of 114.36 points while trading turnover was increased to 4.959 million shares, compared with previous volume of 2.798 million shares.
The market was opened on a mixed note and remained range-bound during early trading hours. Later, the market witnessed vertical rise of over 90 points and stayed in green zone following fresh buying in oil and fertilizer sectors' shares including Engro Corporation, Engro Fertilizer, Dawood Hercules Corporation, Pakistan Refinery, OGDC and Byco Petroleum while Atlas Battery, Sana Industries, National Bank, DG Khan Cement and Maple Leaf Cement also helped market stay in bullish zone.
However, Millat Tractors, Packages Limited, Fauji Fertilizer, Fatima Fertilizer, Bank of Punjab (Right), Dewan Salman Fibre, Lafarge Pakistan Cement, Askari Bank, Southern Electric Power and Pervez Ahmed Securities remained under selling pressure. The advancing stocks were ahead of the declining ones, as out of a total of 114 active issues, 34 companies posted gains, 16 went down while 64 companies remained unchanged at their last week closing.
Engro Corporation gained Rs 8.14, Atlas Battery was improved by Rs 5.65, Pakistan Refinery was appreciated by Rs 3.81 while Sana Industries, Engro Fertilizer and Dawood Hercules Corporation were up by Rs 3.20, Rs 2.84 and Rs 2.17, respectively. In the minus column, Millat Tractors lost Rs 3.46, Packages Limited was declined by Rs 1.35 while Fauji Fertilizer and Bank of Punjab (Right) shed 50-paisa and 35-paisa, respectively. Lafarge Pakistan Cement with trading of 1.943 million shares topped the volume leaders followed by Bank of Punjab (Right) with 950,500 shares.
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