Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday where equities moved both ways and finally ended in green zone amid marginally improved trading turnover due to fresh buying in the oil sector shares.The LSE-25 index gained 5.73 points to close at 2814.52 points against 2808.79 points of Monday, while transaction volume was increased to 1.004 million shares, as compared to 939,288 shares traded a day earlier.
The market was opened on a positive note but could not sustain due to lacking buying support. Later, the market remained volatile and moved up and down almost throughout the day that forced the investors to adopt conscious approach in taking positions. However, oil sector shares like PSO, Pakistan Oil Fields, OGDC, PPL and Attock Refinery helped market closure in green zone, while Fauji Fertiliser, Fauji Fertiliser Bin Qasim of the fertiliser and Habib Bank also performed well.
On the contrary, selling pressure was seen in Engro Corporation, Fatima Fertiliser, Nishat Chunian, Millat Tractors, Allied Bank, MCB Bank, Lucky Cement, UDL Modaraba-1, PTCL and Engro Foods, as investors offloaded their holdings to secure their positions. The advancing stocks were ahead of declining ones, as out of a total of 109 active issues, 21 companies registered gains, 17 went down, while values of 71 companies remained unchanged at their previous levels.
PSO gained Rs 8.00, Pakistan Oil Fields was improved by Rs 2.72, Habib Bank was appreciated by Rs 2.67, while Fauji Fertiliser and OGDC were up by Rs 2.57 and Rs 2.22, respectively. Millat Tractors lost Rs 26.95, Engro Corporation was declined by Rs 1.10, while Engro Foods and Nishat Chunian were down by 60-paisa and 45-paisa, respectively. Lotte Pakistan PTA was the market leader whose 180,133 shares changed hands followed by NIB Bank with 145,444 shares.