Equities remained range-bound on Lahore Stock Exchange (LSE) on Monday but late buying in select scrips led to the positive zone amid descending transaction volume. The LSE-25 index showed improvement of 11.36 points and closed at 3228.50 points against 3217.14 points of Friday. Turnover squeezed to 6.008 million shares as compared to 11.007 million shares.
The market remained in red zone almost throughout the day following selling pressure in select scrips of banking, oil and energy sectors. Market players were of the view that majority of the investors remained on the sidelines almost throughout the day but late buying led to upward direction. Losers were more than gainers, as of 106 traded scrips, 30 showed strength and 28 went down, while values of 48 companies remained unchanged.
Among gainers, First Capital Equities gained Rs 2.50, MCB Bank improved by Rs 1.45, and PPL appreciated by Rs 1.43, while Lucky Cement, Bank of Punjab, SSGC, SNGPL, NBP and Engro Corporation were up by Rs 1.40, Rs 0.96, Rs 0.89, Rs 0.80, Rs 0.67 and Rs 0.65, respectively. On the other hand, Mari Gas lost Rs 1.90 and Ravi Textile declined by Re 1.00, while ABL, Adamjee Insurance, HBL, Pak Oifields, Faysal Bank and Bank Alfalah were down by Rs 0.85, Rs 0.71, Rs 0.61, Rs 0.51, Rs 0.34 and Rs 0.21, respectively.
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