Bullish sentiments dominated for the second consecutive day on the Lahore Stock Exchange on Wednesday and the equities registered further gains amid improved trading turnover. The LSE-25 index was increased to 4350.01 against 4271.92 of Tuesday, denoting a gain of 78.09 points while transaction volume was improved to 2.249 million shares, compared with last day volume of 1.466 million shares.
The market was opened on a healthy note and kept on rising throughout the day. The investors stayed on buying course that helped improve oil, fertiliser, textile and cement sector's shares. As a result of fresh buying, PSO, PPL, OGDC, Byco Petroleum, Engro Corporation, Fatima Fertiliser, Nishat Chunian, Nishat Mills, D G Khan Cement, Fauji Cement, NetSol Technologies and Glaxo Smith Kline Pakistan.
However, a marginal decline was also seen in ICC Textiles, Sui Northern, National Bank, Silk Bank, Askari Bank and Southern Electric Power.
The gainers were more than the losers, as out of a total of 99 active issues, 36 companies posted gains, nine stayed in negative zone, while 54 companies stayed glued at their previous day closing.
In the positive column, PSO gained Rs 7.87, PPL was improved by Rs 6.57, Engro Corporation was appreciated by Rs 6.22, while Nishat Mills and Engro Foods were up by Rs 4.65 and Rs 3.87, respectively.
In the negative column, ICC Textiles lost 25-paisa, while Sui Northern and National Bank were declined by 15-paisa and 10-paisa, respectively.
PTCL with trading of 539,500 shares topped the volume leaders followed Fauji Cement with 360,000 shares.