Equities on Friday staged recovery on the Lahore Stock Exchange and registered gains amid bullish sentiments following buyers' interest in select scrips. The LSE-25 index gained 24.72 points and was ended at 6282.11 against 6257.39 of Thursday while transaction volume was squeezed to 1.236 million shares compared with day earlier volume of 1.338 million shares.
The market was opened on a healthy note and stayed in green zone during both of the trading sessions. However, ahead of closing, profit taking was also seen in PPL, Byco Petroleum, Gul Ahmed Textile Mills, Nishat Chunian, Fauji Fertiliser, National Bank, Summit Bank, KASB Bank, IGI Investment Bank and PIA.
Buyers' interest in cement and fertiliser sector helped market closing on positive sign. As a result, DG Cement, Pioneer Cement, Cherat Cement, Maple Leaf Cement, Engro Fertiliser, Engro Corporation, Fauji Fertiliser Bin Qasim, Fatima Fertiliser and Dewan Salman Fibre ended with gains. The advancing stocks were ahead of the declining ones, as out of a total of 90 active issues, 25 companies posted gains, 13 suffered declines while 52 companies stayed glued to their previous closing.
DG Khan Cement gained Rs 4.47, Pioneer Cement was improved by Rs 4.10, Engro Fertiliser was appreciated by Rs 3.86 while Cherat Cement and Engro Corporation were up by Rs 3.69 and Rs 3.12, respectively. In the minus column, PPL lost Rs 4.96, Gul Ahmed Textile was declined by Rs 1.27 while Fauji Fertiliser was down by Re 1. Bank of Punjab was the market leader whose 166,500 shares changed hands followed by Fauji Fertiliser Bin Qasim with 164,000 shares.
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