Home »Stocks and Bonds » Pakistan » LSE index down by 36.69 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered declines across the board amid decreased trading turnover due to lacking interest on the part of investors. The LSE-25 index lost 36.69 points and was closed at 4096.73 against 4133.42 of last Friday, while transaction volume was restricted to 2.164 million shares compared with previous volume of 3.007 million shares.

The market was opened on a depressed note and remained under pressure throughout the day, as investors avoided taking position that resulted in low trading activity. PPL, Attock Refinery, D G Khan Cement, Maple Leaf Cement, Fauji Cement, National Bank, Faysal Bank, Bank Al-Habib, Bank of Punjab, Silk Bank, Hira Textile Mills, Arif Habib Corporation, Kot Addu Power and Sui Northern remained under pressure and were closed in negative zone.

However, Pak Electron, Askari Bank, Dawood Hercules Corporation, Southern, Dewan Cement, Fauji Fertiliser Bin Qasim and Lafarge Pakistan Cement registered marginal gains. The losers were more than the gainers, as out of a total of 112 active issues, nine companies posted gains, 33 went down, while 70 companies remained unchanged at their previous closing.

Pak Electron gained 29-paisa, Askari Bank and Dawood Hercules Corporation were improved by 10-paisa each. PPL lost Rs 1.6, DG Khan Cement was declined by 90-paisa, National Bank shed 49-paisa, while Hira Textile Mills and Arif Habib Corporation were down by 46-paisa each. KESC with trading of 292,500 shares topped the volume leaders followed by NIB Bank with 281,000 shares.

Copyright Business Recorder, 2012


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