Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid bullish sentiments following fresh buying in the oil and banking sectors' shares. The LSE-25 index was increased by 32.90 points and was closed at 2834.74 points against 2801.84 points of Wednesday, while transaction volume was also increased to 1.047 million shares, as compared with previous volume of 987,616 shares.
The market was opened on a healthy sign and stayed in green zone throughout the day's transaction, as investors kept on staying on buying course and made fresh entries in banking and oil sectors' shares. As a result, PPL, Attock Refinery, Pakistan Oil Fields, MCB Bank, National Bank, Bank of Punjab, NIB Bank, Bank Alfalah and Silk Bank posted gains, while Dawood Hercules Chemical and Pakistan Reinsurance also performed well. However, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Nishat Mills, Dewan Farooq Motors, Japan Power and Byco Petroleum ended in minus zone.
The advancing stocks were ahead of the declining ones, as out of a total of 93 active issues, 26 companies registered gains, 9 recorded losses, while 58 companies stayed glued to their previous levels. Among gainers, PPL was improved by Rs 2.25, MCB Bank gained Rs 1.52, Dawood Hercules Chemicals was appreciated by Rs 1.14, while Attock Refinery was up by Rs 1.09.
In the minus column, Fauji Fertiliser Bin Qasim lost Rs 1.37, Fauji Fertiliser was declined by Rs 1.5, while Nishat Mills and Dewan Farooq Motors were down by 18-paisa and 12-paisa, respectively. Bank of Punjab was the market leader whose 337,847 shares changed hands followed by NIB Bank with 215,899 shares.