Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in positive zone amid marginally decreased trading turnover, as investors remained on the sideline due to volatile situation. However, the LSE-25 index lost 36.41 points to close at 4119.6 against 4156.01 of Tuesday while transaction volume was squeezed to 3.651 million shares compared with day earlier volume of 3.725 million shares.
The market was opened on depressed note but later it kept on moving up and down throughout the day. Because of volatility, the investors remained reluctant in taking positions. Faysal Bank, MCB Bank, Cyan Limited, Pak Electron, KESC, PTCL, WorldCall Telecom, Dawood Hercules Corporation, Fauji Fertiliser Bin Qasim, Engro Corporation and Engro Foods remained under selling pressure. However, buying in Attock Refinery, Pakistan Oil Fields, Hub Power, Nishat Mills, NetSol Technologies, Bank Alfalah, DG Khan Cement, Fauji Fertiliser, Lucky Cement, and Maple Leaf Cement helped market avert more declines.
The gainers were slightly more than the losers. Of 89 active issues, 24 companies posted gains, 20 stayed in minus column, while 45 companies were ended at their previous closing. Among gainers, Pakistan Oil Fields was improved by Rs 5.07, Hub Power gained Rs 1.57, Nishat Mills was appreciated by Rs 1.51 while NetSol Technologies was up by Rs 1.
In the minus column, Engro Corporation lost Rs 1.31, Faysal Bank was declined by 80-paisa while Cyan Limited and MCB Bank were down by 56-paisa and 48-paisa, respectively. KESC was the market leader whose 487,000 shares changed hands followed by Lafarge Pakistan Cement with 442,000 shares.
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