Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid sluggish trading activity. However, the LSE-25 index gained 20.19 points to close at 8417.86 against 8397.67 of Monday while transaction volume was squeezed to 898,120 shares compared with day earlier volume of 1.793 million shares.
The market was opened on a healthy note but kept on moving up and down during the day. Buying in Akzo Nobel, Attock Refinery, OGDC, Pak Elektron, Nishat Chunian, National Foods, NetSol Technologies, Soneri Bank, Maple Leaf Cement and K-Electric helped market sentiments. However, Pakistan Oil Fields, Hascol Petroleum, Engro Corporation, Engro Fertilizer, Fauji Fertilizer, D G Khan Cement, United Bank, National Bank, Nishat Chunian and Adamjee Insurance were succumbed of profit taking.
The losers were more than the gainers, as out of a total of 94 active issues, 15 companies registered gains, 23 were ended in minus column while 56 companies stayed glued to their previous closing. Akzo Nobel gained Rs 18.92, Attock Refinery was improved by Rs 9.35, OGDC was appreciated by Rs 4.00 while Pak Elektron and Nishat Chunian were up by Rs 2.22 and Rs 1.89, respectively.
In the minus column, Pakistan Oil Fields lost Rs 10.70, Engro Corporation was declined by Rs 5.08, Engro Fertilizer was depreciated by Rs 4.13 while Hascol Petroleum and D G Khan Cement were down by Rs 2.10 and Rs 1.48, respectively. K-Electric with trading of 197,500 shares topped the volume leaders followed by Byco Petroleum with 100,500 shares.
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