Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities registered gains amid ascending transaction volume on account of fresh buying in oil, banking and fertiliser sectors' shares. The LSE-25 index considerably increased by 85.92 points to close at 2903.47 points against 2817.55 points of Monday, while trading turnover was increased to 1.961 million shares, as compared to 649,399 shares traded a day earlier.
The market was opened on a healthy sign and maintained upward slide throughout the day. The investors stayed on buying course to pick potential shares that kept the market in the green zone during the day's trading. As a result, MCB Bank, National Bank, United Bank, Bank of Punjab, Askari Bank, Attock Refinery, PPL, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Engro Corporation and Fatima Fertiliser supported the market sentiments, while D.G. Khan Cement and Lotte Pakistan PTA also performed well.
On the contrary, Tri-Pack Films, OGDC, Dawood Hercules Corporation, Bank Al-Habib, Descon Chemicals and PTCL remained under pressure and were ended in minus zone. The advancing stocks were ahead of the declining ones, as out of a total of 99 active issues, 30 companies registered gains, 11 went down, while 58 companies remained unchanged at their previous closing levels.
MCB Bank was improved by Rs 6.79, Attock Refinery gained Rs 3.61, Fauji Fertiliser was appreciated by Rs 3.53, while PPL and National Bank were up by Rs 2.77 and Rs 2.05, respectively. Tri-Pack Films lost Rs 5.30, OGDC was declined by 41-paisa while Dawood Hercules Corporation was down by 25-paisa Lotte Pakistan with trading of 636,506 shares topped the volume leaders followed by Bank of Punjab with 366,793 shares.
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