Bullish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered gains across the board amid improved trading turnover. The LSE-25 index was increased to 4510.08 against 4377.68 of last Friday, denoting a gain of 139.40 points while transaction volume was increased to 2.771 million shares compared with previous volume of 1.928 million shares.
The market was opened on a healthy sign and kept on rising throughout the day, as investors stayed on buying course. The bluechips and ready board shares like MCB Bank, Habib Bank, Bank of Punjab, NIB Bank, PPL, Engro Corporation, Fauji Fertiliser, Engro Foods, Nishat Mills, Fecto Cement, D. G. Khan Cement, Lafarge Pakistan Cement, Maple Leaf Cement and KESC helped market sentiments.
However, Standard Chartered Bank, PSO, Southern electric Power, Fauji Fertiliser Bin Qasim, Japan Power and Pervez Ahmed Securities remained under pressure. The gainers were more than the losers, as out of a total of 86 active issues, 37 companies posted gains, 6 registered losses while 43 companies remained unchanged at their previous closing.
MCB Bank gained Rs 11.10, PPL was improved by Rs 5.02, Engro Corporation was appreciated by Rs 4.08 while Engro Foods and Nishat Mills were up by Rs 3.92 and Rs 2.85, respectively. Standard Chartered Bank lost 58-paisa, PSO shed 50-paisa while Southern Electric Power was down by 17-paisa. Fauji Cement with trading of 656,500 shares topped the volume leaders followed by Bank of Punjab with 455.000 shares.