LSE index continued to upward trend for another day and rose to 4712.49 against 4639.95 of Thursday, denoting a gain of 72.54 points, as equities under the lead of potential shares extended further gains. The shares turnover was increased to 14.837 million shares compared with 11.695 million shares traded a day earlier.
The Lahore Stock market was opened on a healthy sign and stayed in green zone during the entire day, as investors made fresh entries in select scrips including PSO, PPL, Byco Petroleum, Kot Addu Power, Hub Power, Japan Power, Southern Electric Power, Kohat Cement, Nishat Mills, Arif Habib Corporation, MCB Bank, Bank of Punjab (R), NIB Bank, and of Punjab.
Profit-taking was also seen, as ahead of the weekend, the investors offloaded positions in Engro Corporation, Fauji Fertiliser, Engro Foods, Adamjee Insurance, Attock Refinery, Pace Pakistan, Dewan Cement, Flying Cement, Sui Northern and Wateen Telecom.
The advancing stocks were ahead of the declining ones. Of 104 active issues, 48 companies appreciated their worth, 12 suffered losses while 44 companies stayed glued to their previous closing.
PSO gained Rs5.00, MCB Bank was appreciated by Rs3.75, Kohat Cement was improved by Rs3.02 while Nishat Mills and PPL were up by Rs2.38 and Rs2.17, respectively. In the minus column, Engro Corporation lost Rs2.33, Engro Foods was declined by Rs1.85, Adamjee Insurance shed Rs1.55 while Fauji Fertiliser and Attock Refinery were down by 94-paisa and 67-paisa, respectively. NIB Bank was the market leader whose 4.049 million shares changed hands followed by Bank of Punjab (R) with 2.515 million shares.
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