Bullish sentiments continued on the Lahore Stock Exchange (LSE) on Tuesday and the equities registered gains across the board amid ascending trading turnover following fresh buying in oil, banking and fertiliser sectors.
The LSE-25 index was moved up to 3498.49 against 3364.16 of Monday, denoting a jump of 134.33 points, while transaction volume was increased to 8.088 million shares, as compared to 3.948 million shares traded a day earlier.
The market opened on a positive sign and remained in green zone throughout the day, as the investors stayed on buying course to make fresh entries in potential shares. As a result, Pakistan Oil Fields, PPL, Attock Refinery, PSO, Pakistan Refinery of the oil sector, and MCB Bank, Habib Bank, National Bank, Bank Alfalah, Bank of Punjab, and NIB Bank recorded visible gains, while Engro Corporation, Fauji Fertiliser Bin Qasim, Lotte Pakistan PTA, Nishat Chunian, Arif Habib Corporation, Nimir Industrial Chemical and Dewan Salman Fibre also performed well. However, Sui Northern, Hub Power, and Summit Bank marginally declined and ended in negative column.
The gainers were substantially more than the losers, as of 105 active companies, 59 showed strength with considerable gains, 5 recorded losses while 41 companies remained unchanged at their overnight closing. Among gainers, Pakistan Oil Fields was improved by Rs 14.13, Dawood Hercules Chemical was appreciated by Rs 10.70, PPL gained Rs 9.20, MCB Bank posted an increase of Rs 8.70, while ICI Pakistan and Engro Corporation were up by Rs 7.36 and Rs 6.69, respectively.
In the minus column, Sui Northern lost 27-paisa, Hub Power was declined by 25-paisa, while Orix Leasing was down by 5-paisa. Lotte Pakistan with trading of 2.562 million shares topped the volume leaders followed by Bank of Punjab with 1.188 million shares.
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