Bullish sentiments continued for another day on the Lahore Stock Exchange on Tuesday and the equities registered gains amid improved trading turnover. The LSE-25 index was slightly declined by 1.87 points to close at 6357.10 against 6358.97 of Monday while transaction volume was increased to 1.916 million shares compared with day earlier volume of 1.387 million shares.
The market after opening on a mixed note witnessed sharp rise but could not sustain due to profit taking. Buyers' interest in oil sector shares like Shell Pakistan, Pakistan Oil Fields, Hascol Petroleum and Byco Petroleum helped market avert more declines while Engro Foods, Kohinoor Textile Mills, Cherat Cement, Arif Habib Corporation, Fauji Fertilizer, Fauji Fertilizer Bin Qasim and Bank of Punjab also performed well.
Engro Fertilizer, National Bank, Faysal Bank, Summit Bank, Askari Bank, Silk Bank, Lotte Chemical, Nishat Chunian and Adamjee Insurance were succumbed of profit taking. The advancing stocks were ahead of the declining ones, as out of a total of 95 active issues, 24 companies posted gains, 12 went down while 59 companies remained unchanged at their day previous closing.
Honda Atlas Cars gained Rs 7.18, Ferozsons Laboratories was improved by Rs 7.01, Shell Pakistan was appreciated by Rs 6.11, while Pakistan Oil Fields and Hascol Petroleum were up by Rs 5.70 and Rs 4.81, respectively. In the negative column, Engro Fertilizer lost Rs 1.90 while National Bank and Lotte Chemical were down by 85-paisa and 43-paisa, respectively. Bank of Punjab was the market leader whose 981,000 shares changed hands followed by NIB Bank with 365,500 shares.