Bears take over Lahore

Bearish trend prevailed in Lahore Stock Exchange on Tuesday as it shed 30.52 points, following the LSE-25 index opened with 3948.30 and closed at 3917.78 points. The market’s overall situation also did not correspond to an upward trend as it remained at 1.040 million shares to close against previous turnover of 1.610 million shares, showing a downward slide of 569,200 shares. While, out of the total 102 active scrips 12 moved up, 32 shed values and 58 remained equal. Muslim Commercial Limited, Atlas Insurance Limited and Pak Elektron Limited were Major Gainer of the day by recording increase in their per share value by Re 0.50, Re 0.42 and Re 0.27, respectively. Engro Corporation Limited, Attock Refinery Limited and Pakistan State Oil Company Limited lost their per share value by Rs 4.06, Rs 3.00 and Rs 1.60 respectively. The Volume Leader of the day included Silk Bank Limited (Saudi) with 128,500 shares, Worldcall Telecom Limited with 103,500 shares and Pakistan Tele Communication Limited with 103,000 shares.