Equities on Friday extended further gains amid decreased trading turnover on the Lahore Stock Exchange, as investors avoided taking positions ahead of weekend. The LSE-25 index was increased to 4291.02 against 4244.19 of Thursday, denoting a gain of 46.83 points while transaction volume was contracted to 3.541 million shares compared with last day volume of 4.617 million shares.
The market resumed trading on a healthy sign and stayed in green zone during first trading session. As soon as the second session started, the market was sharply moved up following buying in bluechips including OGDC, Attock Refinery, PPL, Engro Foods, Adamjee Insurance, Sui Northern, PTCL, Wateen Telecom, Pakistan Reinsurance, Fauji Fertiliser, Asakri Bank, Bank of Punjab, NIB Bank, PIAC and Pace Pakistan.
However, profit taking was also seen in MCB Bank, Bank Alfalah, United Bank, National Bank, Fauji Fertiliser, Fatima Fertiliser, Hira Textile Mills, Nishat Chunian, Dewan Salman Fibre, D.S. Industries and Lafarge Pakistan Cement. The advancing stocks were ahead of the declining ones, as out of a total of 102 active issues, 33 companies were ended in green zone, 12 stayed in minus column while 57 companies were ended their day earlier closing.
Engro Foods gained Rs 3.95, OGDC was improved by Rs 2.00, Attock Refinery was appreciated by Rs 1.25 while Adamjee Insurance was up by Rs 1.05. Hira Textile Mills lost 79-paisa, MCB Bank was declined by 75-paisa while Bank Alfalah and Fauji Fertiliser Bin Qasim were down by 20-paisa and 18-paisa, respectively. Fauji Cement topped the volume leaders with trading of 658,000 shares followed by Askari Bank with 641,000 shares.