Bearish trend prevailed in Lahore Stock Exchange on Tuesday as it shed 52.42 points, following the LSE-25 index opened with 3972.51 and closed at 3920.09 points. The market’s overall situation, however, corresponded to an upward trend as it remained at 2.149 million shares to close against previous turnover of 1.658 million shares, showing an upward move of 491,200 shares. While, out of the total 96 active scrips 21 moved up, 15 shed values and 60 remined equal.
Attoock Refinery Limited, Pakistan Reinsurance Company and Nishat (Chunian) Limited were major gainer of the day by recording increase in their per share value by Rs 2.00, Rs 1.02 and Re 0.55 respectively. Pakistan Petroleum Limited, Engro Corporation Limited and Arif Habib Corporation Limited lost their per share value by Rs 2.85, Rs 1.51 and Rs 1.15 respectively. The volume leader of the day included Askari Bank Limited with 445,000 shares, Fauji Cement Company Limited with 263,000 shares and Engro Foods Limited with 212,000 shares. Meanwhile Islamabad Stock Exchange (ISE-10) here witnessed bearish trend as the index was down by 4.91 points to close at 3092.62 as compared to previous day’s trading. Talking to APP, Stock Analyst M.M Hassan said that the profit-taking caused the bearish trend in the local stock market.
Despite this, the investors has also taken the positions in the low-priced shares whenever the index touched the low, he added. He said that the buying was seen in Banking and Cement sector resulting a rise in the turnover of the market.
Total shares traded were 18,500, which was up by 16,000 shares when compared it with a day earlier’s closing. Out of 133 companies’s shares traded, the price of 64 was increased while the price of 69 decreased. The price of top gainer Siemens Pakistan Engineering was increased by Rs 32.00 while the price of top loser Murree Brewery decreased by Rs 8.62. Maple Leaf Cement, PTCL and Silk Bank remained volume leaders with volume of 10,000, 6,000 and 2,000 shares respectively.
