The LSE-25 index was declined to 2867.75 against 2960.99 of last Friday, denoting a fall of 93.24 points while transaction volume moved up to 7.346 million shares as compared to previous volume of 6.544 million shares. The market opened on a negative sign and fell down by over 107 points during first trading hour.
Later, the market kept on moving within range of 30 points because of lacking investors' interest who stayed on sideline. The market did not find any support at any level but made marginal recovery at the end of trading. Arif Habib Bank, Japan Power and Dewan Salman Fibre showed little improvement while Pak Oil Fields, Attock Refinery, OGDC, PPL, PSO, MCB Bank, Bank of Punjab, Bank Alfalah, National Bank, NIB Bank, Silk Bank, Adamjee Insurance, Engro Corporation, Lafarge Pakistan Cement, Lucky Cement, Arif Habib Securities, Pace Pakistan, Lotte Pakistan PTA, and Mari Gas remained under pressure and closed in red zone.
The losers were more than the gainers, as out of a total of 101 active issues, 7 companies showed insignificant gains, 60 posted losses while values of 34 companies stayed unchanged to their previous levels.
Among gainers, Frontier Ceramics was improved by 57-paisa, Arif Habib Securities gained 51-paisa, while IGI Investment Bank and Soneri Bank were up by 35-paisa and 25-paisa respectively.
MCB Bank lost Rs 9.65, Mari Gas was declined by Rs 6.28, Pak Oil Fields was depreciated by Rs 5.91, Engro Corporation shed Rs 5.20, while Attock Refinery and OGDC were down by Rs 4.29 and Rs 3.73 respectively. Lotte Pakistan was the market leader whose 2.081 million shares changed hands, followed by Bank of Punjab with 696,988 shares.