LSE index improves by 18.27 points

RECORDER REPORT

LAHORE: Mixed sentiments prevailed on the Lahore Stock Exchange on Monday, where equities moved both ways and finally ended in positive zone amid descending transaction volume due to lacking interest on the part of investors.

The LSE-25 index was improved by 18.27 points and was closed at 3713.29 against 3695.02 of last Friday, while trading turnover was decreased to 2.114 million shares as compared to previous volume of 5.226 million shares.

The market was opened on a positive sign and stayed in green zone till midday. The market took a short dip due to selling pressure. However, fresh buying in select shares dragged the market into positive zone.

Nishat Mills, PPL, Fauji Fertilizer, Engro Corporation, National Bank, United Bank, IGI Investment Bank, United Bank, D.G. Khan Cement, NetSol Technologies and PTCL helped market closure in positive zone.

On the contrary, Engro Foods, Adamjee Insurance, OGDC, Fauji Fertilizer Bin Qasim, Kot Addu Power, Honda Atlas Cars, Maple Leaf Cement, Hub Power and Askari Bank were succumbed of profit taking.

The advancing stocks were ahead of the declining ones, as out of a total of 95 active issues, 22 companies registered gains, 19 stayed in minus column, while 54 companies were ended at their previous closing levels.

United Bank gained Rs 1.52, Nishat Mills was improved by Rs 1.16, while PPL and Fauji Fertilizer were appreciated by 90-paisa and 78-paisa respectively.

Engro Foods lost Rs 2.43, Adamjee Insurance was declined by Rs 2.61, Habib Bank was depreciated by Rs 1.76 while OGDC was down by Rs 1.06.

Lotte Pakistan PTA was the market leader whose 254,700 shares changed hands followed by NIB Bank with 220,174 shares.