Home »Stocks and Bonds » Pakistan » LSE index falls by 31.86 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally ended in negative zone amid marginally improved trading turnover. The LSE-25 index lost 31.86 points and was closed at 4026.43 against 4058.29 of Wednesday, while transaction volume was increased to 3.875 million shares compared with the day earlier volume of 2.758 million shares.

The market was opened on a healthy sign and stayed in green zone during the entire day's trading. The investors made fresh entries in select scrips including Nishat Chunian, Mian Textile Industries, Byco Petroleum, Fauji Fertiliser, Wateen Telecom, Pak Electron, Tariq Glass Industries, Fauji Cement and IGI Investment Bank.

However, selling pressure was also seen before the close of trading. As a result, Engro Foods, Sui Northern, Engro Corporation, Fatima Fertiliser, Fauji Fertiliser Bin Qasim, Habib Sugar Mills, Maple Leaf Cement, Flying Cement, Arif Habib Corporation and KESC.

The declining stocks were ahead of the advancing ones, as out of a total of 102 active issues, 19 companies posted gains, 24 went down while 59 companies were closed at their overnight closing. Nishat Chunian gained Rs 1.5, Byco Petroleum was improved by 87-paisa, Mian Textile Industries and Fauji Fertiliser were appreciated by 49-paisa each. Engro Foods lost Rs 1.1, Kohinoor Mills was declined by 97-paisa, while First Capital and Sui Northern were down by 67-paisa and 60-paisa, respectively. Byco Petroleum was the market leader whose 1.029 million shares changed hands followed by NIB Bank with 368,000 shares.

Copyright Business Recorder, 2012


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