Shares on the Lahore Stock Exchange swung to and fro but finally settled in the green zone on Wednesday. The LSE-25 index gained 26.75 points to 5,207.93 against 5,181.18 of Tuesday while the transaction volume squeezed to 2.246 million shares as compared with the previous volume of 2.248 million.
The market hardly saw any positivity as it stayed on in red zone till mid-day but later did manage to better following buyers' interest in the Glaxo SmithKline, Mari Petroleum, Pakistan Refinery, Pak Elektron, Sui Southern, United Bank, Bank of Punjab, Pace Pakistan, PTCL and Fauji Fertiliser.
The companies that succumbed to profit taking were the Hascol Petroleum, Byco Petroleum, Japan Power, Southern Electric Power, Shabbir Tiles and Ceramics, Dewan Farooq Motors and Singer Pakistan. Out of 74 companies, 18 gained and eight stayed in the negative zone while 48 others remained stagnant at their previous closing.
Glaxo SmithKline gained Rs 10.42 and the Mari Petroleum and the Pak Elektron went well with Rs 5.48 and Rs 1.07, though the Hascol Petroleum lost Rs 1.43, Japan Power and the Southern Electric Power shed 65 and 39 paisas. But the good news came from the Silk Bank, with trading of 227,000 shares, topping volume leaders and the Bank of Punjab with 176,000.
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