Home »Stocks and Bonds » Pakistan » LSE index improves by 19.9 points

Bullish sentiments prevailed on the Lahore Stock Exchange on Friday and the equities registered gains under the lead of amid improved trading turnover The LSE-25 index was improved by 19.9 points and was ended at 4127.83 against 4107.93 of Thursday, while transaction volume was increased to 4.212 million shares compared with last day volume of 3.046 million shares.

The market was opened on a positive sign and witnessed vertical improvement following the investors' interest who made entries in selected scrips. Later, the market moved in a narrow range during the first trading session. However, sentiments could not remain intact, as investors offloaded their holdings to secure their positions in the second session. Tariq Glass Industries, Lucky Cement, Dewan Cement, Pak Electron, Fauji Fertiliser, Fauji Fertiliser Bin Qasim, Dewan Salman Fibre, ICC Textile Mills, Descon Chemicals and PTCL helped index improvement.

On the contrary, PSO, Byco Petroleum, Maple Leaf Cement, Honda Atlas Cars, Arif Habib Corporation, Ravi Textile Mills, Bank Alfalah, PIAC, Nimir Industrial Chemical and Sui Northern remained under pressure. The gainers were more than the losers, as out of a total of 103 active issues, 25 companies registered gains, 19 went down, while 59 companies stayed glued to their day earlier closing. Hira Textile Mills gained 95-paisa, Tariq Glass was improved by 92-paisa while ICC Textile Mills and Lucky Cement were up by 73-paisa and 70-paisa, respectively. In the minus column, PSO lost Rs 2.42, Maple Leaf Cement was declined by 36-paisa, while Honda Atlas Cars was down by 30-paisa. NIB Bank with trading of 656,500 shares topped the volume leaders followed by Dewan Cement with 543,000 shares.

Copyright Business Recorder, 2012


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