Despite the deepening political uncertainty following the APDM announcement to resign from the national and provincial assemblies, the share market, the Lahore Stock Exchange (LHC), depicted positive signs with 2.31 percent gain, but activity remained extremely low due to lack of interest during the past week.
Except buying interest in selective shares, the broader market was dull as people, feared by political unrest, preferred to stay at distance. The most disturbing factor was the low volume, which appeared reflection of the lack of interest from the big players, analysts said.
"We observed some improvement in average volume during the week under review, but it was still very low and. of course, a concerning factor," a broker said.
Activity was seen only in index-based shares due to which the market moved in positive zone and ended the week with an optimistic note. Bulk of activity during the week under review was confined to the oil sector, selective cements, fertilisers and insurance sector. The LSE-25 index soared by 103.61 points to reach 4,582.48 compared with 4,478.87 points. Volume, however, slightly decreased to 14.335 million shares from 15.901 million shares.
Share values flared up on first day of the week under review on fresh buying, particularly in securities stocks, oil & gas sector and cements, which raised the market 1.46 percent up. The market took an aggressive start with hectic buying in key scrips, later the trend prevailed to other scrips, which took the LSE-25 index upwards.