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Bears pushed the bulls out of the Lahore Stock Exchange on Wednesday as the LSE-25 index declined by 67 points to close at 5,119 points amid slightly higher trading volumes, dealers said.

The number of active shares was 105, of which 35 companies managed to close at enhanced values, 26 suffered losses and there was no change in the share value of 43 companies. The trading volume was 5.6 million shares against the trading volume of 5.18 million recorded a day ago.

Lafarge Pakistan Cement was the volume leader, recording a turnover of 1.38 million shares. Highnoon Laboratories Limited was the top gainer, adding Rs7.04 in its share value to close at Rs147.68.

Engro Food Limited was the major loser with a decline of Rs5.33 per share to close at Rs151.67. Three commercial banks were among the top 10 losers.

Bears dominated the Islamabad Stock Exchange on Thursday, as the ISE-10 index sheds 37.98 points, traders said.

The market opened with 4,439.52 points and closed at 4,401.54 points. A total of 140 companies took part in the shares trading, of which 65 companies closed in the positive territory and 75 remained in the negative zone.

According to the trading screen at the ISE, overall turnover amounted to 289,000 shares as compared to the previous volume of 91,000 shares.

The price of top gainer, Siemens Pakistan Engineering, increased by Rs37.27 and the price of top loser, National Foods, declined by Rs8.97.

Volume leaders included Lafarge Pakistan Cement with 200,00 shares, Fauji Cement with 35,000 shares and Pakistan Telecommunication Company Limited with 25,000 shares.
Fauji Cement

Fauji Cement Company Limited remained the hot stock of the day with an increase of Re1 in its share price.

Fauji Cement remained the volume leader with 45.18 million shares on an increase of Re1 to Rs16.19 per share.

An analyst said that FCCL continued upward trend in the equity market on the hopes for better results.

Attock Refinery Ltd

Attock Refinery Limited (ATRL) also remained the hot stock of the day with an increase of Rs10.28 per share.

More than 3.47 million shares of ATRL were sold in the market with an increase of Rs10.28 per share, or 4.14 percent, to close at Rs258.52 percent.

An analyst said that ATRL share price also increased on the hopes for better results for the first-half of the calendar year 2013.

Courtesy: The News

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