Bears dominated on Lahore Stock Exchange on Monday and the equities registered declines amid decreased trading turnover due to lacking investors' interest. The LSE-25 index lost 23.66 points and closed at 2810.14 points against 2833.80 points of last Friday while volume reduced to 939,288 shares compared with 1.280 million shares.
The market opened on a depressed note and stayed in negative zone throughout the day. The market did not find support at any level mainly on account of lack of interest on the part of investors. Millat Tractors, Engro Corporation, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Pakistan Oilfields, PPL, PSO, United Bank, MCB Bank, National Bank, Bank of Punjab, Nishat Mills and Lotte Pakistan PTA suffered losses.
However, OGDC, Attock Refinery, NetSol Technologies, Pakgen Power, PTCL, and D G. Khan Cement ended with marginal gains. The losers were more than the gainers, as out of a total of 100 active issues, 8 companies registered gains and 25 posted losses, while 67 stayed glued to their previous levels. OGDC improved by 80 paisa, Pakgen Power gained 50 paisa, and Pakistan Telecommunication appreciated by 26 paisa.
Millat Tractors lost Rs 22.75, Engro Corporation declined by Rs 4.11, Pakistan Oilfields was depreciated by Rs 2.98, Fauji Fertiliser was down Rs 1.96 and United Bank lost Rs 1.65. Nishat Mills with trading of 132,841 shares topped the volume leaders, followed by Pakgen Power with trading of 115,981 shares.
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