Mixed sentiments prevailed on the Lahore Stock Exchange on Friday where equities moved both ways and finally ended in positive zone amid ascending transaction volume on account of fresh buying in select shares The LSE-25 index gained 19.41 points and ended at 3553.89 against 3534.48 of Thursday while trading turnover was increased to 5.127 million shares as compared to 3.238 million shares traded a day earlier.
The market opened on a depressed note but sharply recovered following buying support in select shares. Later, the market showed up and downward moves, as investors adopted "buy on dip and sell on strength" policy to avert financial losses. The market observed same behaviour even in the second trading session.
Because of buying interest, Engro Corporation, Fatima Fertiliser, Nishat Mills, Hub Power, Hira Textile Mills, D.G. Khan Cement, PTCL,Pakistan Reinsurance and Engro Foods posted gains and closed in green zone.However, selling pressure was also seen in Attock
Refinery, Fauji Fertiliser, Lucky Cement, National Bank, Bank Aalfalah and Nimir Industrial Chemical,as investors offloaded their holdings ahead of weekend to secure their positions. The gainers were more than the losers, as out of a total of 104 active issues, 27 companies appreciated their values, 13 stayed in negative zone while values of 64 companies remained unchanged at their previous closing levels.
Engro Corporation gained Rs 3.12, Nishat Mills improved by Rs 28 while Hub Power was up by Rs 1.89. On the contrary, Zulfeqar Industries lost Rs 2.91, Attock Refinery declined by Rs 1.60, Fauji Fertiliser depreciated by Rs 1.13 while Lucky Cement was down by Rs 1.04. Nimir Industrial Chemical was the market leader whose 2.018 million shares changed hands followed by Lafarge Pakistan Cement with 763,388 shares.