Equities on Tuesday swung to and fro on the Lahore Stock Exchange and finally settled in negative zone amid a descending transaction volume because of lacking interest on the part of investors. The LSE-25 index further declined by 10.27 points to 6268.99 against 6279.26 of Monday while trading turnover squeezed to 1.121 million shares compared with the previous day volume of 6.448 million shares.
The market soon after opening on a mixed note sharply declined in the absence of investors' interest. Later, the market staged recovery but moved in a narrow range till close of trading. Highnoon Laboratories, National Bank, Askari bank, Bank Al-Habib, Pak Elektron, Dewan Cement, Fauji Cement, Power Cement, and Fauji Fertilizer Bin Qasim helped market avert more declines.
The Pakistan Oil Fields, Byco Petroleum, Honda Atlas Cars, Ghani Global Glass, Treet Corporation, Arif Habib Corporation, Shabbir Tiles & Ceramics, Descon Chemicals, Lotte Chemical Pakistan and Southern Electric were succumbed of profit taking and ended in minus column. The declining stocks were ahead of the advancing ones, as out of a total of 98 active issues, 12 companies posted gains, 21 suffered losses while 65 companies stayed glued to their previous closing. The Highnoon Laboratories gained Rs 18.10, National Refinery improved by Rs 2.40 while National Bank and Pak Elektron were up by 50 paisas and 43 paisas, respectively. The Pakistan Oil Fields lost Rs 8.15, Honda Atlas Cars shed Rs 4.01 while Ghani Global Glass declined by Rs 1.13. The Bank of Punjab with trading of 355,000 shares topped the volume leaders followed by the Silk Bank with 116,500 shares.
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