Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday where equities moved both ways and finally settled in negative zone amid descending transaction volume because of the investors' cautious approach. The LSE-25 index was improved by 36.58 points to close at 4023.63 against 3987.05 of Tuesday while trading turnover was squeezed to 3.278 million shares as compare to last day volume of 5.523 million shares.
The market was opened on positive sign but after staying in green zone for sometime started moving down. Later, the market witnessed volatile situations, as it kept on moving up and down throughout the day that made the investors more cautious.
Buying in Treet Corporation, Engro Corporation, Fatima Fertiliser, Allied Bank, Kohinoor Textile Mills, Byco Petroleum, Saritow Spinning Mills, Maple Leaf Cement, KESC, and Crescent Jute Products helped index improvement while PPL, Lucky Cement, D.G. Khan Cement, Chreat Cement, Fauji Cement, Nishat Mills, Sui Northern, Hub Power, Standard Chartered Bank, Soneri Bank and Bank of Punjab remained under selling pressure.
The losers were more than the gainers. Of 107 active issues, 18 companies posted gains, 27 registered declines while 62 companies were closed at their previous closing. Treet Corporation gained Rs 3.32, Engro Corporation was improved by Rs 1.47 while Kohinoor Textiles was appreciated by Rs 1.00. PPL lost Rs 1.50, Lucky Cement was declined by Rs 1.30 while Hub Power and Nishat Mills were down by 88-paisa and 60-paisa, respectively. Fauji Cement topped the volume leaders with trading of 735,500 shares followed by Bank of Punjab with 586,500 shares.