Equities moved both the ways but finally settled in negative column at the Lahore Stock Exchange (LSE) amid ascending transaction volume on Tuesday. The LSE-25 index moved down to 3743.09 points against 3751.02 points of Monday, showing a decline of 07.93 points, while transaction volume increased to 08.699 million shares as compared to previous volume of 06.031 million shares.
According to brokers, the market opened on a positive note but profit hunters intervened that led the market closure in negative column. The levels of a few dividend oriented shares are attractive and investment in these shares can give profit to the investors.
HBL, MCB Bank, ABL, Engro Foods, PSO, Hijra Textile Mills, Netsol Technologies, Nishat Mills Limited, Silver Star Insurance and Askari Bank Limited registered gains and closed in positive column while Lucky Cement, D G Khan Cement, Engro Corporation, Attock Refinery Limited, FFC, NBP, Engro Polymer & Chemical, Fauji Cement and Pakistan Reinsurance Co, suffered losses and closed in minus column. The gainers were ahead with the losers, as out of a total of 99 companies, 27 showed strength and closed in green zone, 23 suffered losses, while 49 companies stayed unchanged at their previous levels.
Among the gainers, HBL gained Rs 4.88, MCB Bank was improved by Rs 2.98, ABL was appreciated by Rs 2.59, while Engro Foods, PSO, Hijra Textile Mills, Netsol Technologies, Nishat Mills Limited, Silver Star Insurance and Askari Bank Limited were up by Rs 1.96, Rs 1.55, Re 1.00, paisa-75, paisa-54, paisa-29 and paisa-26, respectively. Among the losers, Lucky Cement shed Rs 2.2, D G Khan Cement was declined by Rs 2.02, Engro Corporation lost paisa-85, while Attock Refinery Limited, FFC, NBP, Engro Polymer & Chemical, Fauji Cement and Pakistan Reinsurance Co, were down by paisa-68, paisa-45, paisa-40, paisa-29, paisa-27, paisa-26 and paisa-24, respectively.