Activities remained dull at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index marginally declined by 0.36 points and was closed at 3123.74 points against 3124.10 points of Thursday, while transaction volume decreased to 02.069 million shares, as compared to previous volume of 02.395 million shares.
According to brokers, the current situation in Karachi is also leaving negative impact on the local bourses. Investors have adopted cautious approach and are not ready to take fresh positions. Levels of some scrips are attractive and investment in such shares can yield profit for them.
Hira Textile Mills, Pak Oil Fields, Fauji Fertiliser Bin Qasim, Nimir Industrial Chemicals, the Bank of Punjab, NBP and Lucky Cement resisted pressure and registered gains while Nestle Pakistan, MCB Bank, OGDC, FFC, Attock Refinery, Engro Corporation, Nishat Mills, and Treet Corporation suffered losses and closed in minus column.
The losers were ahead with the gainers, as out of a total of 102 companies, 12 showed strength and were closed in green zone, 23 suffered losses, while 67 companies stayed unchanged at their previous levels. Among the gainers, Hira Textile Mills gained paisa-0.52, Pak Oil Fields was improved by paisa-0.42, Fauji Fertiliser Bin Qasim was appreciated by paisa-0.20, while Nimir Industrial Chemicals, the Bank of Punjab, NBP and Lucky Cement were up by paisa-0.14, paisa-0.10, paisa-0.07 and paisa-0.06, respectively.
Among the losers, Nestle Pakistan shed Rs 151.72, MCB Bank was declined by Rs 1.62, OGDC lost Rs 1.23, while FFC, Attock Refinery, Engro Corporation, Nishat Mills, and Treet Corporation were down by paisa-0.81, paisa-0.64, paisa-0.31, paisa-0.27 and paisa-0.26, respectively.