Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday where equities moved both ways and finally settled in green zone amid improved trading turnover. The LSE-25 index was marginally declined by 4.49 points to close at 6496.23 against 6500.72 of Tuesday while transaction volume was increased to 2.646 million shares compared with 2.125 million shares traded a day earlier.
The market was opened on a positive sign but later witnessed up and downward moves till close of trading. Dawood Hercules Corporation, Engro Fertilizer, D G Khan Cement, Hub Power, Treet Corporation, Tariq Glass, Sui Southern and Adamjee Insurance helped market sentiments. However, PSO, Pakistan Oil Fields, Engro Foods, Pak electron, Fauji Fertilizer Bin Qasim, Faysal Bank, Askari Bank, Soneri Bank, Bank of Punjab and K-Electric remained under selling pressure.
The gainers were more than the losers. Of 109 active issues, 27 companies posted gains, 15 went down while 67 companies stayed unchanged. Shifa Intl Hospital gained Rs 13.16, Ferozeson Laboratories was improved by Rs 12.69, Dawood Hercules Corporation was appreciated by Rs 3.94 while D G Khan Cement and Engro Fertilizer were up by Rs 3.06 and Rs 2.65, respectively. PSO lost Rs 5.00, Pakistan Fields was declined by Rs 1.98, while Engro Food was down by Rs 1.13. Bank of Punjab with trading of 750,000 shares topped the volume leaders followed by Lotte Chemical Pakistan with 625,000 shares.
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