Equities registered gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Wednesday. The LSE-25 index gained 13.45 points to close at 5370.75 against 5357.30 of Tuesday while transaction volume was declined to 539,700 shares compared with day earlier volume of 598.500 shares. According to brokers, the market players opted for buying in selective scrips that led the market in upward direction.
Attock Refinery Limited, Pak Elektron Limited, First Treet Manufacturing Modarba, Dewan Cement Limited, Treet Corporation Limited, Byco Petroleum Pakistan Limited, Fauji Cement Company Limited, the Bank of Punjab Limited, PIA and Pace Pakistan Limited registered gains while Pakistan Petroleum Limited, Fauji Fertilizer Bin Qasim Limited, Kohinoor Energy Limited, Dewan Farooq Motors Limited, Southern Electric Power Company, Pakistan Telecommunication Company and K-Electric Limited suffered losses and closed in minus column. The gainers were much ahead with the losers, as out of a total of 66 companies, 13 showed strength and were closed in green zone, seven suffered losses, while 46 companies stayed unchanged at their previous levels.
Among the gainers, Attock Refinery Limited gained Rs 5.24; Pak Elektron Limited was improved by Rs 1.58; First Treet Manufacturing Modarba was appreciated by Re 1.00, while Dewan Cement Limited, Treet Corporation Limited, Byco Petroleum Pakistan Limited, Fauji Cement Company Limited, the Bank of Punjab Limited, PIA and Pace Pakistan Limited were up by paisa-89; paisa-23; paisa-15; paisa-13; paisa-13; paisa-12 and paisa-10, respectively.
On the other hand, Pakistan Petroleum Limited shed Rs 2.75, Fauji Fertilizer Bin Qasim Limited was declined by paisa-31; Kohinoor Energy Limited was down by paisa-29, while Dewan Farooq Motors Limited, Southern Electric Power Company, Pakistan Telecommunication Company and K-Electric Limited were depreciated by paisa-20, paisa-03, paisa-02 and paisa-01, respectively. The volume leader of the day included SilkBank Limited with 128,500 shares followed by Pace Pakistan Limited with 110,000 shares.