Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities ended in red zone amid reduced transaction volume on account of terrorist attacks on different places in the provincial metropolis. The LSE-25 index moved up by 21.28 points to close at 3026.51 against 3005.23 of Wednesday.
While trading turnover squeezed to 15.086 million shares, as compared to previous volume of 17.272 million shares. Oil sector helped market avert more declines, while insurance sector remained under pressure on account of profit taking. The market opened on a healthy note and stayed in green zone for some time. According to the analysts, the sentiments were positive and market was expected to show bullish rally.
But as soon as the news flashed at television channels regarding terrorist attack on FIA Office, Temple Road, Elite Police Training Centre Badian Road, and Police Training Centre at Manawan, the investors started offloading their holdings amid panic like situation.
Consequently, the sentiments were changed into negative that discouraged the investors to stay away from the buying course that resulted in low trading activity, the analysts said. However, the killing of all the terrorists strengthen investors' moral who returned for picking shares of their choice that helped market minimise its day losses, they said.
The losers were more than gainers, as out of a total of 121 active issues, 24 companies showed strength, 52 landed in negative column, while 45 were closed at their previous levels. Among gainers, PPL gained Rs 6.16, IGI Insurance was improved by Rs 5.68, Fauji Fertiliser was appreciated by Rs 3.23, while OGDC and Pak Oil Fields were up by Rs 3.11 and Rs 3.05, respectively.
ICI Pakistan lost Rs 7.85, Mari Gas was declined by Rs 6.40, EFU General Insurance and Adamjee Insurance shed Rs 4.34, 2.28, respectively while MCB and PSO were down by Rs 4.10 and Rs 3.59, respectively. Arif Habib Securities was the market leader with trading of 1.756 million shares.
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