LSE bearish, slips 97pts

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LAHORE – The Lahore Stock Exchange (LSE) remained bearish on Tuesday. However, the volume underwent improvement. The index dwindled 97.04 points to close at 3,478.96 points. Out of atotal 102 active scrips, six jumped, 58 squeezed, while 38 closed without any change in their opening values. Volume of the market remained 6.43 million shares, which was 2.1 million shares greater than Monday’s turnover of 4.32 million shares.
Silk Bank, with a turnover of 2.07 million shares, ended the day as the volume leader. However, it lost Rs 0.13 to close at Rs 2.33 against its opening at Rs 2.46.Bank of Punjab, with a volume of 1.73 million shares, lost Rs 0.99 to close at Rs 6.65 against its opening at Rs 7.64. Flying Cement Company was the major gainer as it added Rs 0.95 to close at Rs 2.60 against its opening at Rs 1.65.
Millat Tractors was the major loser as it declined Rs 15 to close at Rs 475 against its opening at Rs 490.