Equities suffered losses mainly on account of selling pressure at Lahore Stock Exchange (LSE) on Tuesday amid ascending transaction volume. The LSE-25 index showed a decline of 26.51 points and closed at 3201.99 points against 3228.50 points of Monday. Trading turnover, however, increased to 9.272 million shares as compared to 6.008 million shares.
Brokers said the market witnessed losses following selling pressure in select scrips. They said that profit taking led the market to downward side, as investors offloaded their holdings to cash available margins. Losers were more than gainers, as of 118 traded scrips, 18 showed strength and 49 went down, while values of 51 companies remained unchanged.
Among gainers, Shell Gas LPG (Pak) gained Rs 2.78, Mari Gas improved by Rs 1.10, Ghandara Industries appreciated by Re 1.00 while EFU General Insurance, Honda Atlas Cars, Shell Pakistan, Pioneer Cement and Samba Bank were up by Rs 0.80, Rs 0.74, Rs 0.49, Rs 0.39 and Rs 0.17, respectively.
On the other hand, Pak Oilfields lost Rs 2.60, Lucky Cement declined by Rs 2.42, while Adamjee Insurance, PPL, Nishat Mills, MCB Bank, Attock Refinery and Arif Habib Securities were down by Rs 2.27, Rs 1.98, Rs 1.11, Rs 1.05, Rs 0.95 and Rs 0.92, respectively.
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