Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities registered gains amid marginally decreased trading turnover. The LSE-25 index was improved by 27.91 points to close at 4778.86 against 4750.95 of Monday while transaction volume was squeezed to 11.351 million shares compared with day earlier volume of 11.480 million shares.
The market was opened on a healthy note and stayed in positive almost throughout the day, as investors kept on making entries in select scrips. As a result, MCB Bank, Bank of Punjab (R), Bank of Punjab, PSO, Kohat Cement, Lucky Cement, D.G. Khan Cement, Lafarge Pakistan Cement, NetSol Technologies, Highnoon Laboratories, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Nishat Mills and PIAC showed gains.
Because of profit taking, selling pressure was also seen in National Refinery, Attock Refinery, Sui Northern, Nishat Chunian, Pak Elektron, Arif Habib Corporation, D.S. Industries, Pervez Ahmed Securities, Pioneer Cement and Akzo Nobel which were ended in minus column. The advancing stocks were ahead of the declining ones, as out of a total of 113 active issues, 36 companies posted gains, 29 registered losses while 48 companies remained unchanged at their previous closing.
MCB Bank gained Rs 10.25, PSO was improved by Rs 5.13, Kohat Cement was appreciated by Rs 2.91 while Lucky Cement and D.G. Khan Cement were up by Rs 2.90 and Rs 1.65, respectively. National Refinery lost Rs 7.91, Nishat Chunian was declin3ed by Rs 1.31 while Attock Refinery shed Rs 1.18. Bank of Punjab (R) continued as market leader with 3.171 million shares followed by Bank of Punjab with 1.196 million shares.