Equities while continuing last week sentiments maintained downward slide on the Lahore Stock Exchange on Monday and closed in red zone amid ascending transaction volume due to lacking investors interest. The LSE-25 index marginally declined by 1.79 points and ended at 2829.43 against 2831.22 of last Friday while trading turnover increased to 32,400 shares as compared to 2,600 shares traded on last working day of the previous week.
The market opened on a depressed note and kept on moving in the negative zone because of selling pressure as most of the investors preferred offloading at all available level to get out of the market. The experts were of the view activities in the brokerages would not take place till floor is uncapped. Out of a total of 73 active issues, two companies closed with fractional gain, seven landed in negative column while 64 stayed glued to their previous levels.
Fauji Fertiliser Bin Qasim and Picic Growth Fund showed improvement of 14 paisa and 03 paisa respectively. However, Sui Northern significantly declined by Rs 3.50, Pace Pakistan lost Rs 0.99, while Pakistan Cement Company and Bosicor Pakistan were down by Rs 0.65 and Rs 0.54 respectively. Fauji Fertiliser Bin Qasim was the market leader whose 10,000 shares changed hands followed by Nimir Industrial Chemical with 6,000 shares.
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