Bullish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities registered gains amid marginally improved trading turnover. The LSE-25 index gained 34.89 points to close at 5604.22 against 5569.33 of Tuesday while transaction volume was increased to 1.554 million shares compared with day earlier volume of 1.240 million shares.
The market was opened on a healthy note and kept on rising almost throughout the day, as investors made entries in select shares like Engro Corporation, Engro Fertilizer, Hascol Petroleum, Gul Ahmed Textile Mills, Adamjee Insurance, PTCL, Sui Southern, National Bank, Hub Power and PIAC. On the contrary, selling pressure was seen in Fauji Fertilizer, Fauji Fertilizer Bin Qasim, Chasma Sugar Mills, Lalpir Power, Arif Habib Corporation, Pak Suzuki Motors, Japan Power, Punjab Modaraba 1st, Summit Bank and Bank of Punjab.
The advancing stocks were ahead of the declining ones, as out of a total of 79 active issues, 19 companies posted gains, 14 suffered losses, while 46 companies were ended at their last day closing.
Engro Corporation gained Rs 4.01, Hascol Petroleum was improved by Rs 1.97, Gul Ahmed Textile Mills was appreciated by Rs 1.10 while Adamjee Insurance and PTCL were up by 90-paisa and 80-paisa, respectively. Fauji Fertilizer lost Rs 2.29, Fauji Fertilizer was declined by Rs 1.15, while Chashma Sugar Mills and Lalpir Power were down by 50-paisa and 26-paisa, respectively. Sui Southern was the market leader whose 538,500 shares changed hands followed by Lafarge Pakistan Cement with 314,000 shares.
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