Equities on Thursday moved the both ways on the Lahore Stock Exchange and finally ended on depressed note amid volatile situation due to conscious approach on the part of investors. The LSE-25 index was marginally declined by 5.11 points and was closed at 3682.61 against 3687.72 of Wednesday while transaction volume was improved to 3.873 million shares a compared to previous volume of 2.785 million shares.
The market opened on a positive sign but could not sustain and after staying in green zone for less than half an hour, started declining. Later the market showed up and downward move and the trend continued till the closing of trading. The investors adopted "buy on dip and sell on strength" policy to avert losses. As a result PPL, Pakistan Oil Fields, OGDC, Arif Habib Corporation, Pakistan Reinsurance, Fauji Fertiliser, Lotte Pakistan PTA, PIA and Bank of Punjab registered improvement in their values, while Engro Corporation, Allied Bank, Habib Bank, United Bank, National Bank, Fauji Fertiliser Bin Qasim, PSO, Byco Petroleum and Nishat Mills stayed in negative column with marginal losses.
The losers were just more than the gainers, as out of a total of 103 active issues, 27 posted gains, 30 landed in minus zone, while values of 46 companies remained unchanged at their previous closing. PPL gained Rs 2.99, Pakistan Oil Fields was appreciated by Rs 2.88 while Pak Suzuki and Arif Habib Corporation were up by Rs 1.98 and Rs 1.11 respectively. Engro Corporation lost Rs 2.81, Allied Bank was declined by Rs 1.89, while Habib Bank and PSO were down by Rs 1.50 and Rs 1.16 respectively. Lotte Pakistan PTA with trading of 1.045 million shares topped the volume leaders followed by Lotte Pakistan PTA with 334,497 shares.
Comments
Comments are closed.