Equities on Thursday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid marginally decreased trading turnover. The LSE-25 index was improved by 10.06 points to close at 4622.09 against 4612.03 of Wednesday, while transaction volume was declined to 1.597 million shares compared with last day volume of 1.904 million shares.
The market was opened on a positive note and stayed in green zone till mid day. Later, the market could not sustain, as investors started offloading to pocket the available margin. As a result, Engro Foods, Engro Corporation, Dawood Hercules Corporation, Fatima Fertiliser, Nishat Mills, Adamjee Insurance, Pak Elektron, DG Khan Cement, Dewan Farooq Motors and PTCL suffered losses. However, Mari Petroleum, PSO, Glaxo Smith Kline, National Bank, Faysal Bank, Sui Southern, KESC and Fauji Fertiliser were ended in positive zone.
The declining stocks were ahead of the advancing ones, as out of a total of 96 active issues, 11 companies posted gains, 24 recorded losses, while 61 companies remained unchanged at their day earlier closing. Mari Petroleum gained Rs 8.31, Faisal Spinning Mills was improved by Rs 5.19, Glaxo Smith Kline and PSO were appreciated by Rs 3.46 and Rs 3.40, respectively.
In the minus column, Engro Foods lost Rs 4.62, Engro Corporation was declined by Rs 4.39, Nishat Mills shed Rs 3.00 while Adamjee Insurance was down by Rs 1.66. Lafarge Pakistan Cement topped the volume leaders with 261,500 shares followed by Bank of Punjab with 261,000 shares.