Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Monday and the equities registered gains amid increased trading turnover on account of fresh buying in the selective companies. The LSE-25 index was increased by 10.88 points and was closed at 3648.42 points against 3637.54 points of last Friday.
While transaction volume was also increased to 3.640 million shares, as compared to previous volume of 2.610 million shares. The market opened on a healthy sign and remained in the green zone almost throughout the day. Fresh buying in some companies like Engro Corporation, Nishat Chunian, Pakistan Oil Fields, Arif Habib Corporation, Habib Bank, National Bank, NIB Bank, Engro Polymer and Chemical, Pakistan Reinsurance, Nimir Industrial Chemical, and Lafarge Pakistan Cement helped market stay in positive column.
The market, after showing a rise of over 40 points, started declining, as the investors preferred intra-day trading to secure their positions. Just ahead of closing of trading, the investors offloaded their holdings in PSO and PPL of the oil sector, while Thal Limited, Fauji Fertiliser, Allied Bank, United Bank, Silk Bank, Bank of Punjab, Sui Northern, also remained under pressure and ended in minus column.
The gainers were more than the losers, as out of a total of 99 active issues, 30 companies posted gains, 24 landed in negative column, while values of 45 companies stayed glued to their previous levels. Engro Corporation gained Rs 2.42, Nishat Chunian was improved by Rs 1.38, Millat Tractors was appreciated by Rs 1.36, while Pakistan Oil Fields was up by Rs 1.20. On the contrary, Thal Limited lost Rs 2.01, OGDC was declined by Rs 1.44, while Fauji Fertiliser and Flying Cement were depreciated by Rs 1.38 and Re 1.00, respectively. Nimir Industrial Chemical was the market leader whose 1.527 million shares changed hands followed by WorldCall Telecom with 233,896 shares.