LSE contracts as slump continues

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LAHORE: The Lahore Stock Exchange (LSE) remained range bound and underwent a slump in volume to close in red zone on Tuesday.
The LSE-25 shares index agonisingly depreciated by 4.27 points to close at 3,265.56 against its opening at 3,269.83 levels. Volume of the market disturbingly reduced by 1.23 million shares and stayed at 3.61 million shares.
Out of 127 active scrips, 23 went up, 39 declined and 65 experienced stagnancy. Byco Petroleum ended as the leader in volume followed by Lotte Pakistan PTA. Byco Petroleum, with 0.53 million shares, added Rs 0.16 to close at Rs 10.85 against its opening at Rs 10.69, while Lotte Pakistan PTA, with a turnover of 0.47 million shares, declined Rs 0.15 to close at Rs9.55 against its opening at Rs 9.70.
Services Industries was the major gainer and added Rs 9.46 to close at Rs 198.58 against its opening at Rs 189.12, while Attock Refinery also followed suit and added Rs 3.24 to close at Rs 94.44 against its opening at Rs 91.20. Shezan International was the major loser, as it declined Rs 4.69 to close at Rs 89.31 against its opening at Rs 94.