Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where the equities registered gains amid ascending trading turnover on account of fresh buying in the selective shares. The LSE-25 index was slide up to 3120.79 against 3081.63 of Wednesday, denoting an improvement of 39.16 points, while transaction volume increased from the day's earlier volume of 9.087 million shares to 12.697 million shares.
The market opened on a healthy note and kept on rising throughout the day. During the day's trading, the market took a dip but immediately starting moving up following investors' interest in PPL, Pak Oil Fields, Engro Corporation, Fauji Fertiliser Bin Qasim, Habib Bank, National Bank, Bank Alfalah, Bank Alfalah, Adamjee Insurance and Lotte Pakistan PTA.
The investors were also appeared to offload their holdings to pocket the available margin. Because of profit taking in D.G. Khan Cement, PSO, Faysal Bank, MyBank, Arif Habib Bank, and Dewan Salman Fibre, the market showed downward move for some time but ultimately ended on positive note.
The gainers were more than the losers, as out of a total of 117 active issues, 52 companies posted gains, 23 registered declines, while 42 companies were ended at the previous levels. Among gainers, Service Industries was improved by Rs 9.50, PPL gained Rs 3.93, Treet Corporation was appreciated by Rs 2.93, while First Capital Equities and Pak Oil Fields were up by Rs 2.47 and Rs 2.13, respectively.
However, D.G. Khan Cement lost Rs 1.50, Frontier Ceramics was declined by 89-paisa, while First Fidelity Leasing and PSO were down by 40-paisa each. Lotte Pakistan stayed market leader with 2.750 million shares followed by Fauji Fertiliser Bin Qasim with 1.403 million shares.