The Lahore Stock Exchange witnessed bullish sentiments on Thursday, with shares gaining amid a series of fluctuations. The LSE-25 index gained 28.10 points to 5,440.25 against 5,412.15 of Wednesday while the transaction volume increased to 5.154 million shares as compared with the day earlier volume of 3.775 million.
The market began with a bang though later swung to and fro throughout the day. The firms feeling the pressure were the Mari Petroleum, MCB Bank, Habib Bank, Bank of Punjab, K-Electric, Sui Southern, First Capital Securities, Descon Chemicals, Dewan Farooq Motors and Pace Pakistan helped market sentiments while Dewan Cement, PIA, Silk Bank, Southern Electric and Byco Petroleum.
Out 77 firms, 15 gained and five lost while 57 others were stagnant. The Mari Petroleum and the MCB Bank gained Rs 22.06 and Rs 4.88, respectively. And so did the Habib Bank and the K-Elektron which went up by Rs 2.25 and Rs 1.33. There was bad news for the Dewan Cement losing 40 paisas, together with the PIA and the Silk Bank too falling by 19 and 8 paisas. But it was the trade leader, the Silk Bank, trading 4.833 million shares, followed by the Descon Chemicals with 98,000.
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