Bearish sentiments prevail on the Lahore Stock Exchange (LSE) and the equities registered declines across the board amid selling pressure. The LSE-25 index lost 70.20 points and was ended at 2889.96 points against 2960.16 points of Thursday, while transaction volume was marginally declined to 1.361 million shares, compared with 1.392 million shares traded a day earlier.
The market was opened on a depressed note and remained under pressure throughout the day in the absence of buying support. The investors adopted cautious approach and avoided taking positions ahead of weekend. Only single company-WorldCall Telecom could resist pressure while PSO, Pakistan Oil Fields, PPL, Attock Refinery, OGDC, Engro Corporation, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Fatima Fertiliser, MCB Bank, United Bank, National Bank, Bank of Punjab, Bank Alfalah and Lotte Pakistan remained under pressure and registered losses. The losers were far ahead of the gainers, as out of a total of 103 active companies, one company posted gain, 31 registered losses while values of 71 companies remained unchanged at their last day levels.
WorldCall gained 4-paisa, while Shell Pakistan lost Rs 5.95, PSO was declined by Rs 5.85, Fauji Fertiliser shed Rs 5.62, Pakistan Oil Fields was depreciated by Rs 5.01. Similarly, PPL, MCB Bank, and Attock Refinery were down by Rs 4.89, Rs 3.88 and Rs 2.76, respectively.
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