Equities on Tuesday staged recovery on the Lahore Stock Exchange and registered gains under the lead of bluechips amid slightly decreased trading turnover. The LSE-25 index gained 52.63 points to close at 5163.28 against 5110.65 of Monday, while transaction volume squeezed to 606,050 shares compared with day earlier volume of 781,600 shares.
The market was opened on a healthy note and stayed in green zone as investors made entries in bluechips like Mari Petroleum, National Bank, Adamjee Insurance, Habib Metropolitan Bank, Soneri Bank, Bank of Punjab, Fatima Fertiliser, DG Khan Cement, Maple Leaf Cement, Fauji Cement, Engro Fertiliser and Glaxo Smith Kline. However, Gul Ahmed Textile Mills, Lafarge Pakistan Cement, Picic Investment Fund, Fauji Fertiliser Bin Qasim, Avanceon Limited, Pervez Ahmed Securities, and Byco Petroleum remained under selling pressure.
The advancing stocks were ahead of the declining ones, as out of a total of 88 active companies, 18 posted gains, eight suffered declines while 62 companies remained unchanged at their previous closing. Mari Petroleum gained Rs 15, National Bank was improved by Rs 2.57, Adamjee Insurance was appreciated by Rs 1.58 while Habib Metropolitan Bank was up by Rs 1.06. In the minus column, Gul Ahmed Textile Mills lost Rs 1.5, while Lafarge Pakistan Cement and PICIC Investment Fund were down by 25-paisa and 19-paisa, respectively. Picic Investment Bank with trading of 138,500 shares topped the volume leaders followed by Soneri Bank with 123,500 shares.
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