According to brokers, the market is in positive direction and investment in dividend oriented shares is beneficial for small investors. MCB Bank, Nishat (Chunian), FFC, Fauji Fertiliser Bin Qasim, Engro Foods Limited, Adamjee Insurance, SSGC, Hira Textiles, PIA and Honda Atlas Cars registered gains. On the other hand, Dawood Hercules, Arif Habib Corporation, SNGPL, NIB Bank, Fauji Cement and Golden Arrow remained under pressure and suffered losses.
The gainers were more than the losers, as out of a total of 103 companies, 54 showed strength and were closed in green zone, 06 suffered losses, while 43 companies stayed unchanged at their previous levels. Among the gainers, MCB Bank gained Rs 6.60, Nishat (Chunian) was improved by Rs 1.62, FFC was appreciated by Rs 1.60, while Fauji Fertiliser Bin Qasim, Engro Foods Limited, Adamjee Insurance, SSGC, Hira Textiles, PIA and Honda Atlas Cars were up by Rs 1.49, Rs 1.49, Rs 1.15, Rs 1.13, Re 1.00, Re 1.00 and Re 1.00, respectively. Among losers, Dawood Hercules lost paisa-39, Arif Habib Corporation was declined by paisa-20, SNGPL shed paisa-16, while NIB Bank, Fauji Cement and Golden Arrow were down by paisa-06, paisa-04 and paisa-03, respectively. Fauji Cement Company was the market leader whose 1.153 million shares changed hands.