Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally stayed in positive zone amid improved trading turnover due to investors' buying interest in select shares. The LSE-25 index gained 40.68 points and was closed at 3485.57 against 3444.89 of Tuesday while transaction volume was increased to 6.105 million shares as compared to last day volume of 5.731 million shares.
The market was opened on a healthy sign and kept on moving up following fresh buying in select shares. Just ahead of closing of trading, the investors started offloading to pocket the available margin that resulted in selling pressure. However, despite selling pressure, the market was ended in green zone.
Attock Refinery, Byco Petroleum, Fauji Fertiliser, United Bank, Bank of Punjab, NIB Bank, Silk Bank, National Bank, ICI Pakistan, Pakistan Reinsurance, Pak Electron, Crescent Steel and Allied stayed in positive column while MCB Bank, Adamjee Insurance, Fauji Fertiliser Bin Qasim, Engro Corporation, Nishat Mills, Pervez Ahmed Securities, Maple Leaf Cement, Dewan Cement, Fauji Cement, and PTCL remained under selling pressure.
The gainers were more than the losers. Of 110 active companies, 36 posted gains, 15 went down, while values of 59 companies remained unchanged at their previous closing. Engro Foods was improved by Rs 2.00, Attock Refinery was appreciated by Rs 1.63, Fauji Fertiliser gained Rs 1.51 while United Bank and ICI Pakistan were up by Rs 1.37 and Rs 1.16 respectively.
On the contrary, MCB Bank lost Rs 3.97, Adamjee Insurance was declined by Rs 1.10, while Fauji Fertiliser and Nishat Mills were down by 74-paisa and 55-paisa respectively. Bank of Punjab with trading of 1.385 million shares topped the volume leaders followed by NIB Bank with 1.081 million shares.