Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid slightly decreased trading turnover. The LSE-25 index lost 41.52 points to 5796.10 against 5837.62 of Tuesday while transaction volume squeezed to 1.091 million shares compared with previous volume of 1.129 million shares.
The market opened on a healthy note and kept on rising till midday following buyers' interest in systems Limited, Gul Ahmed Textile Mills, Byco Petroleum, Lalpir Power, Dewan Farooq Motors, Dewan Cement, Adamjee Insurance, Southern Electr4ic Power, Fauji Fertiliser Bin Qasim and PIA. Sentiments hardly remained intact as investors preferred intra-day profit taking and offloaded their holdings in PPL, Sui Southern, Habib Bank, Treet Corporation, Engro Fertiliser, Pace Pakistan, K-Electric, PTCL and Pakcem Limited.
Gainers were marginally more than losers. Of 80 active issues, 17 companies posted gains, 15 suffered losses while 48 companies stayed unchanged at their previous closing. Systems Limited gained Rs 3.03, Gul Ahmed Textile Mills improved by Rs 1.50, while Byco Petroleum and Lalpir Power were up by Rs 1.04 and Rs 1.03, respectively. The PPL lost Rs 3.00, Sui Southern declined by Rs 1.71 while Sui Northern and Habib Bank were down by Rs 1.65 and Rs 1.50, respectively. The Japan Power with trading of 125,000 shares topped the volume leaders followed by pace Pakistan with 110,500 shares.
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