Bullish sentiments dominated for another day on the Lahore Stock Exchange and the equities registered gains across the board amid marginally decreased trading turnover. The LSE-25 index was improved to 4156.26 against 4105.85 of Thursday, denoting a gain of 50.41 points while transaction volume due to weekend was contracted to 2.380 million shares as compared to last day volume of 2.545 million shares.
The market was opened on a healthy sign but stayed range-bound during first trading session. However, it was sharply moved up in the second session following buying interest in bluechips like PSO, Attock Refinery, PPL, Byco Petroleum, Dawood Hercules Corporation, Fauji Fertiliser, National Bank, Bank of Punjab, Adamjee Insurance, Tariq Glass Industries, PTCL, Engro Foods, Southern Electric Power, Fauji Cement and Dewan Farooq Motors helped market stay in positive zone.
The investors also preferred profit taking to secure their positions that kept some companies including Fauji Fertiliser Bin Qasim, Fatima Fertiliser, Pervez Ahmed Securities, Nishat Power, Nishat Chunian, Lotte Chemical, and Maple Leaf Cement under pressure. The advancing stocks were ahead of the declining ones, as out of a total of 85 companies, 38 companies registered gains, 10 recorded losses while 37 companies remained unchanged at their last day closing.
PSO gained Rs 6.98, Attock Refinery was improved by Rs 1.75, Dawood Hercules Corporation was appreciated by Rs 1.25 while National Bank was up by Rs 1.11. On the contrary, Fauji Fertiliser lost 35-paisa, Pervez Ahmed Securities shed 15-paisa while Fatima Fertiliser was declined by 12-paisa. Bank of Punjab with trading of 378,000 shares topped the volume leaders followed by Southern Electric Power with 279,000 shares.
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