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Equities on Tuesday moved both ways amid mixed sentiments on the Lahore Stock Exchange (LSE) and finally stayed in positive zone amid improved trading turnover. However, the LSE-25 index was declined by 11.36 points and was closed at 3133.12 points against 3144.48 points of Monday, while transaction volume was increased to 3.610 million shares, as compared to 3.412 million shares traded a day earlier.

The market was opened on a healthy sign and because of fresh buying in select shares stayed in green zone. However, the sentiment could not sustain and the investors started offloading of their holdings to pocket the available margin. As a result of last hour selling in heavy weight shares like Fauji Fertiliser, Fatima Fertiliser, Fauji Fertiliser Bin Qasim, OGDC, Attock Refinery, Habib Bank, Lotte Pakistan PTA and PTCL pushed the index down.

Following investors' interest potential shares like Engro Corporation, Lucky Cement, D.G. Khan Cement, PPL, MCB Bank, National Bank, Summit Bank, Faysal Bank, Javed Omer Vohra and Co., Pervez Ahmed Securities and Adamjee Insurance recorded gains.

The gainers were more than the losers, as out of a total of 101 active issues, 26 companies posted gains, 17 registered declines, while 58 companies stayed glued to their previous levels. Engro Corporation gained Rs 5.52, Lucky Cement was improved by Rs 3.90, PPL was appreciated by Rs 1.34, while MCB bank and National Bank were up by Rs 1.31 and Rs 1.19, respectively.

In the minus column, Pakistan Oil Fields lost Rs 6.61, Fauji Fertiliser was declined by Rs 4.98, OGDC was depreciated by Rs 2.35, while Attock Refinery was down by Rs 1.20. Bank of Punjab with trading of 611,363 shares topped the volume leaders, while Fatima Fertiliser stayed as runner up with 454,991 shares.

Copyright Business Recorder, 2012


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