While continuing day earlier sentiments, the market opened on a healthy note and maintained upward slide till mid day. The market rise was because of fresh buying in attractive scrips that enabled the index to cross 3120. As a result, PSO, Royal Bank of Scotland, United Bank, Bank Alfalah, National Bank, Bank of Punjab, Pace Pakistan, Javed Omer Vohra and Company appreciated their values. However, sentiments could not remain intact mainly because of the investors' attitude who restricted them to intra-day trading.
They preferred offloading to pocket the available margin, the experts said. Attock Refinery, OGDC, PPL, Engro Corporation, Fauji Fertiliser, Habib Bank, MCB Bank, Lucky Cement, Arif Habib Securities and PTCL remained under pressure and were closed in minus column.
The losers were more than the gainers, as 27 companies recorded gains, 37 registered losses, while 42 companies stayed glued to their previous levels. Mari Gas gained Rs 7.55, PSO was improved by Rs 4.54, Service Industries was appreciated by Rs 4.49, while Royal Bank and Javed Omer Vohra were up by Rs 1.05 and Re 1.00, respectively.
On the contrary, Attock Refinery lost Rs 6.66, Engro Corporation was declined by Rs 2.99, MCB Bank shed Rs 2.79, while Adamjee Insurance and Habib Bank were down by Rs 2.02 and Rs 1.69, respectively. Lotte Pakistan PTA was the market leader with 5.259 million shares followed by Bank Alfalah with 3.756 million shares.