Equities maintained an upward slide for another day and registered gains amid a sluggish trading trend on the Lahore Stock Exchange on Tuesday. The LSE-25 index improved by 48.84 points to close at 6247.12 against 6198.28 of Monday while transaction volume squeezed to 0.960 million shares compared with the day earlier volume of 1.004 million shares.
The market opened on a positive note and stayed in green zone as investors kept on making entries in select scrips like Fauji Fertiliser Bin Qasim, Tariq Glass Industries, Habib Bank, Gul Ahmed Textile, Byco Petroleum, Sui Northern, Adamjee Insurance, Maple Leaf Cement, Dewan Salman Fibre and Dewan Farooq Motors. However, Pakistan Oil Fields, PPL, Mari Petroleum, Power Cement, Summit Bank, Pace Pakistan and Dewan Cement were succumbed of profit taking.
The advancing stocks were ahead of the declining ones, as of 76 active issues, 21 companies posted gains, seven stayed in negative zone while 48 companies remained unchanged at their previous closing. The Fauji Fertiliser Bin Qasim gained Rs 3.05, Tariq Glass Industries improved by Rs 3.00 while Habib Bank and Gul Ahmed Textile Mills were up by Rs 1.96 and Rs 1.49, respectively. The Pakistan Oil Fields lost Rs 8.83, PPL declined by Rs 4.28 while Mari Petroleum and Power Cement shed 43 paisas and 22 paisas, respectively. Dewan Salman Fibre with trading of 252,000 shares topped the volume leaders followed by Southern Electric Power with 144,000 shares.
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