Equities on Thursday recovered the day earlier losses and appreciated their values on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of fresh entries in selective shares. The LSE-25 index was improved by 34.88 points and was closed higher at 3597.01 against 3562.13 of Wednesday while trading turnover was increased to 4.759 million shares as compared to previous volume of 3.865 million shares.
The market opened on a healthy sign and stayed in green zone throughout the day. The market showed up and downward move within the range of 13 points. However, just ahead of closing of trading, it showed another upward move and ended at the day's peak level. Pakistan Oil Fields, PPL, Attock Refinery, Engro Corporation, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Fatima Fertiliser, Habib Bank, MCB Bank, National Bank, Adamjee Insurance, Millat Tractors, Arif Habib Corporation, Pace Pakistan, Lotte Pakistan PTA and WorldCall Telecom helped market sentiments.
On the contrary, OGDC, PSO, Byco Petroleum, D.G. Khan Cement, Lafarge and Pakistan Cement remained under selling pressure due to profit taking. The advancing stocks were ahead of declining ones, as out of a total of 103 active issues, 41 companies registered gains, 15 stayed in negative column while 47 companies were ended at their previous closing levels.
Among gainers, Pakistan Oil Fields was improved by Rs 7.26, Engro Corporation was appreciated by Rs 5.61, Thal Limited gained Rs 4.42, while Habib Bank and PPL were up by Rs 2.76 and Rs 2.55 respectively. In the negative column, OGDC was declined by Rs 1.00, D.G. Khan Cement lost 39-paisa, while PSO and Byco Petroleum were depreciated by 31-paisa and 20-paisa respectively. Lotte Pakistan PTA topped the volume leaders with trading of 602,332 shares while National Bank stayed runner up with 541,382 shares.