Bears take over Lahore

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Bearish trend prevailed in Lahore Stock Exchange on Wednesday as it shed 43.55 points, following the LSE-25 index opened with 4015.96 and closed at 3972.41 points.
The market’s overall situation, however, corresponded to an upward trend as it remained at 1.578 million shares to close against previous turnover of 1.547 million shares, showing an upward move of 30,500 shares. While, out of the total 114 active scrips 24 moved up, 24 shed values and 66 remined equal.
Oil and Gas Development Company Limited, Atlas Insurance Limited and Muslim Commercial Bank Limited were Major Gainer of the day by recording increase in their per share value by Rs 2.02, Rs 1.80 and Rs 1.75 respectively.
Attock Refinery Limited, Pakistan Petroleum Limited and Nishat Mills Limited lost their per share value by Rs 3.73, Rs 1.51 and Rs 1.35 respectively.
The Volume Leader of the day included Silk Bank Limited (Saudi) with 346,500 shares, NIB Bank Limited with 273,500 shares and Fatima Fertilizer Company Limited with 137,500 shares.