Mixed sentiments prevail on LSE

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Mixed sentiments prevailed at Lahore Stock Exchange on Monday where equities registered gains amid decreased turnover due the investors cautious behaviour. The LSE-25 index lost 0. 41 points and closed at 3085. 28 against 3085. 69 of last Friday while transaction volume reduced to 1. 442 million shares compared with 1. 832 million shares. The market opened on a depressed note and kept on moving up and down throughout the day. Because of the volatile situation, the investors showed cautious approach, resulting in low trading. Pakistan Oilfields, PPL, OGDC, Attock Refinery helped the market in averting more declines while Fauji Fertiliser, Lucky Cement, Habib Bank, United Bank, NetSol Technologies, Thal, WorldCall Telecom, and Lotte Pakistan PTA also supported the market. However, MCB Bank, Allied Bank, National Bank, Askari Bank, Byco Petroleum, Nishat Mills, PTCL, Engro Corporation, Adamjee Insurance and PTCL remained under pressure and were ended in minus column. The gainers were more than the losers, as out of 106 active issues, 27 companies registered gains and 16 went down, while values of 63 companies remained unchanged. Pakistan Oilfields improved by Rs 4. 00, PPL appreciated by Rs 3. 85 and Fauji Fertiliser gained Rs 2. 55, while Lucky Cement and OGDC were up by Rs 2. 20 and Rs 1. 50 respectively. MCB Bank lost Rs 1. 21 and Nishat Mills declined by Rs 1. 05, while Engro Corp and Adamjee Insurance were down by 92 paisa and 51 paisa respectively. NIB Bank with trading of 381,755 shares topped the volume leaders, followed by Bank of Punjab with 123,481 shares.


Courtesy : Business Recorder


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