LSE sees upturn


Lahore Stock Exchange (LSE) witnessed a bullish turn, as tensions between Washington and Islamabad are beginning to lessen. The LSE 25-share index gained 19.32 points and closed at 3,180.95 points. Similarly, trading volume also witnessed an upturn. Overall traded volume was recorded at 2.9 million shares that showed an increase of 1.79 million shares as compared to the previous day. A total of 120 companies remained active in the trading activity, of which 34 gained value, 17 declined and the share price of remaining companies witnessed no change. Silkbank with 943,628 shares emerged as volume leader, which was followed by Lotte Pakistan PTA, DG Khan Cement, Karachi Electric Supply Company and the Bank of Punjab. Millat Tractors gained Rs 7.0 per share and settled at Rs 522. Other gainers included MCB Bank, Nishat Mills, Pakistan Petroleum and Allied Bank, while Flying Cement Company, DG Khan Cement, Byco Petroleum Pakistan, Lucky Cement and Kot Addu Power Company were in the red zone.