Bullish sentiment dominated on Lahore Stock Exchange on Monday where equities registered gains amid aggressive buying in select shares of oil and banking companies. The LSE-25 index gained 9.73 points and closed at 3331.22 points against 3321.49 points of last Friday, while transaction volume improved to 10.064 million shares as compared to 8.072 million shares.
The market opened on a healthy sign and kept on rising following fresh entries, as investors stayed on buying course to pick selective scrips. As a result, Pak Oilfields, PSO, Attock Refinery, PPL, Byco Petroleum, Millat Tractors, ICI Pakistan, Treet Corporation, Engro Corporation, Nishat Mills, Lotte Pakistan, Bank of Punjab, Bank Alfalah, National Bank and Javed Omer Vohra helped the market stay in green zone.
The rising trend could not continue and the market, after touching the day's peak level, witnessed profit taking, as some investors preferred to get out of the market at available margins. Because of profit taking, Maple Leaf Cement, DG Khan Cement, Lafarge Pakistan Cement, OGDC, Engro Polymer and Chemical, Fauji Fertiliser, Adamjee Insurance, Sui Northern Gas and Dewan Salman Fibre closed in negative column. Gainers were more than the losers, as out of 121 active issues, 39 companies showed strength and 22 posted losses, while values of 60 companies remained unchanged.