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Bullish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities registered gains amid fresh buying in bluechips of oil, fertiliser and banking sectors. The LSE-25 index was improved by 40.82 points to close at 3467.2 against 3426.38 of Monday, while transaction volume was squeezed to 1.001 million shares as compared to day earlier volume of 1.459 million shares.
The market was opened on a healthy sign and kept on rising throughout the day following buyers' interest in oil, banking and fertiliser sectors' shares. As a result, MCB Bank, National Bank, Bank of Punjab, Bank Alfalah, Fauji Fertiliser, Fauji Fertiliser Bin Qasim and Attock Refinery appreciated their worth. Similarly, Lucky cement, D G Khan Cement, Al-Abbas Cement, Adamjee Insurance and Engro Foods also supported the market sentiments.
On the contrary, Engro Polymer and Chemical, Dawood Hercules, Fauji cement, Dewan Cement, Dewan Farooq Motors, Dewan Salman Fibre, Nishat Chunian and Pace Pakistan remained under selling pressure. The gainers were more than the losers, as out of a total of 99 active companies, 27 posted gains, 14 registered losses while 58 companies were ended at their previous closing.
Among gainers, MCB Bank was improved by Rs 4.7, Attock Refinery gained Rs 3.1, Fauji Fertiliser was appreciated by Rs 1.31 while National Bank was up by Rs 1.03. In the minus column, Engro Polymer and Chemical lost 20-paisa, Dawood Hercules was declined by 14 while Fauji Cement was down by 6-paisa. Lotte Pakistan PTA was the market leader whose 117,202 shares changed hands followed by NIB Bank with 113,629 shares.

Copyright Business Recorder, 2012

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