Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday where equities moved both ways and finally stayed in positive zone due to investors' interest in potential shares. The LSE-25 index was decreased by 15.58 points and was closed at 3632.82 against 3648.40 of Tuesday, while transaction volume was marginally improved to 10.809 million shares compared with 10.470 million shares traded a day earlier.
The market was opened on a healthy sign and witnessed sharp increase. The sentiments could not continue, as investors adopted "buy on dip and sell on strength" policy that resulted in volatility in the market. As a result, PSO, Byco Petroleum, Engro Corporation, Fauji Fertiliser, Bin Qasim, Pioneer Cement, D G Khan Cement, Lafarge Pakistan Cement, Fauji Cement, Engro Foods, MCB Bank, OGDC, Sui Southern, Pervez Ahmed Securities, First Capital Securities, Habib Bank, NIB Bank and Japan Power remained under selling pressure due to profit taking.
On the contrary, buying support was seen in OGDC, Sui Southern, Pervez Ahmad Securities, D S Industries, Sui Northern, PTCL, Hira Textile Mills, Bank Alfalah, Samba Bank, Silk Bank, Bank of Punjab, and Fauji Fertiliser. The gainers were more than the losers, as out of a total of 103 active issues, 30 companies posted gains, 27 registered losses while 46 companies remained unchanged at their previous closing. OGDC gained Rs 3.05, Sui Southern was improved by Rs 1.02 while Kohinoor Textile and Pervez Ahmed Securities were up by Rs 1.00 each.
PSO lost Rs 1.50, Engro Corporation was declined by Rs 1.29, while Fauji Fertiliser Bin Qasim and Pioneer Cement were down by 83-pasisa and 70-paisa respectively. Silk Bank with trading of 2.072 million shares topped the volume leaders followed by NIB Bank with 1.438 shares.
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