Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains across the board under the lead of fertiliser and cement sectors' shares. The LSE-25 index gained 57.84 points and was ended at 3477.38 against 3419.54 of Thursday while transaction volume was squeezed to 1.137 million shares compared with last day volume of 1.317 million shares.
The market was opened on a healthy sign and stayed in green zone during both the trading sessions. Fresh entries in oil and fertiliser sectors' shares like Fauji Fertiliser, Engro Corporation, Fauji Fertiliser Bin Qasim, D G Khan Cement, Lucky Cement and Fauji Cement helped market stay in positive zone. Besides, Attock Refinery, Engro Foods, Adamjee Insurance, Pakistan Reinsurance, Arif Habib Corporation, Bank of Punjab, Engro Polymer and Chemical also performed well.
However, Nishat Mills, Wateen Telecom, Dewan Salman Fibre, Pak Electron, Byco Petroleum remained under selling pressure. The advancing stocks were ahead of the declining ones, as out of a total of 92 active issues, 25 companies posted gains, seven stayed in negative zone while 60 companies were ended at their day earlier closing level.
Attock Refinery gained Rs 4.27, Engro Foods was improved by Rs 3.07, while Fauji Fertiliser, Arif Habib Corporation, and DG Khan Cement were appreciated by Rs 2.58, Rs 1.4 and Rs 1.26, respectively. Nishat Mills lost 11-paisa, Wateen Telecom and Dewan Salman Fibre were declined by 10-paisa each while Pak Electron was down by 7-paisa. Bank of Punjab with trading of 277,013 million shares topped the volume leaders followed by Lafarge Pakistan Cement with 173,600 shares.
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