Shares did recover by getting gains on the Lahore Stock Exchange on Tuesday. The LSE-25 index improved by 0.71 points to 5,561.82 against 5,561.11 of Monday while the transaction volume marginally squeezed to 923,800 shares as compared with the day earlier volume of 937,200.
The market saw a sharp rise in the early-hours trading, with investors making entries in the Mari Petroleum, OGDC, Pakistan Refinery, Descon Chemicals, Haseeb Waqas Sugar Mills, Glaxo Smith Kline, D S Industries, Sui Northern, First Capital and Dewan Cement. But some companies succumbed of profit taking. They were the First Capital Equities, Byco Petroleum, PIA, Bank of Punjab, Silk Bank and Southern Electric.
The advancing stocks were ahead of the declining ones as of 76 companies, 19 gained and six declined while 51 others remained glued to their previous closing. The Mari Petroleum gained Rs 18.80; the OGDC improved by Rs 6.32 while the Pakistan Refinery and the Descon Chemicals appreciated Rs 2.39 and Re 1.00, respectively. The First Capital lost Rs 1.68 while the Byco Petroleum and the PIA went down by 44 and 6 paisas. The Bank of Punjab with trading of 375,500 shares topped the volume leaders followed by the Pace Pakistan with 235,000.
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