Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday and the equities registered gains amid decreased trading turnover due to volatile situation that continued throughout the day. The LSE-25 index was marginally improved by 2.53 points to close at 5415.46 against 5412.93 of Monday while transaction volume was squeezed to 1.226 million shares compared with day earlier volume of 1.799 million shares.
The market was opened on a positive sign but later kept on moving up and down during the entire day's trading. The volatility forced the investors to remain cautious while taking positions. Highnoon Laboratories, Fecto Cement, Fauji Cement, Pakistan National Shipping, OGDC, Gul Ahmed Textile Mills, General Tyre & Ruber, Nishat Chunian Power, National Bank and Sui Southern helped market sentiments. However, Nishat Mills, DG Khan Cement, National Refinery, PPL, Hascol Petroleum, Lafarge Pakistan Cement, Admajee Insurance, Dewan Farooq Motors Askari Bank and Pakistan Reinsurance remained under selling pressure.
The advancing stocks were ahead of the declining ones, as out of a total of 109 active issues, 20 companies posted gains, 17 went down, while 72 remained unchanged. Highnoon Laboratories gained Rs 8.82, Fecto Cement was improved by Rs 3.02 while Pakistan National Shipping and OGDC were up by Rs 2.68 and Rs 2.23, respectively.
In the minus column, Nishat Mills lost Rs 2.70, DG Khan Cement was declined by Rs 1.75 while National Refinery and PPL were down by Rs 1.37 and Rs 1.31, respectively. Lalpir Power was the market leader whose 500,000 shares changed hands followed by NIB Bank with 195,000 shares.
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