Bearish trend witnessed in the Lahore Stock Exchange on Wednesday as it shed 36.41 points, following the LSE-25 index opened with 4156.01 and closed at 4119.60 points.
The market’s overall situation also did not correspond to an upward trend as it remained at 3.651 million shares to close against previous turnover of 3.725 million shares, showing a downward slide of 73,100 shares. While, out of the total 89 active scrips 24 moved up, 45 remained equal and 20 shed values.
Pakistan Oil Fields Limited, Hub Power Company Limited and Nishat Mills Limited were Major Gainer of the day by recording increase in their per share value by Rs 5.07, Rs 1.57 and Rs 1.51 respectively.
Engro Corporation Limited, Faysal Bank Limited and Cyan Limited (Central) lost their per share value by Rs 1.31, Re 0.80 and Re 0.56 respectively.
The Volume Leader of the day included Karachi Electric Supply Company with 487,000 shares, Lafarge Pakistan Cement with 442,000 shares and Pakistan Tele Communication Limited with 374,500 shares.
ISE GAINS 24.38 POINTS: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 24.38 points to close at 3086.98 as compared to the previous day’s trading.
Talking to APP, Stock Analyst M.M Hassan said that the major positions taken by the investors led the bullish rally in the markets.
The scrips of cement remained the leading sector which created the positive sentiments, he added.
A total volume of shares traded was 40,100, which was up by 147,900 as compared to a day earlier’s closing.
Of 129 companies’ shares traded, the price of 74 was increased while the price of 55 decreased.
The price of top gainer Simens Pakistan Engineering was increased by Rs.40.00 while the price of top loser Abbottabad Laboratories decreased by Rs.10.38.
D.G.Khan Cement, Dewan Salman Fibres and P.T.C.L remained volume leaders on Wednesday, with volume of 20,000, 15,000 and 5,000 shares respectively.
Bears go one way, bulls the other
