Bears, bulls play out a draw

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Bearish trend prevailed in Lahore Stock Exchange on Wednesday as it shed 8.87 points, following the LSE-25 index opened with 3932.53 and closed at 3923.66 points.
The market’s overall situation, however, corresponded to an upward trend as it remained at 2.193 million shares to close against previous turnover of 1.904 million shares, showing an upward move of 289,200 shares. While, out of the total 97 active scrips 21 moved up, 19 shed values and 57 remined equal. Cherat Cement Company Limited, Maple Leaf Cement Factory and Balochistan Glass Limited were Major Gainer of the day by recording increase in their per share value by Rs 2.06, Re 1.00 and Re 1.00 respectively.
Muslim Commercial Bank Limited, Pakistan State Oil Company Limited and Adamjee Insurance Company lost their per share value by Rs 2.00, Rs 1.35 and Rs 1.30 respectively.
The Volume Leader of the day included Maple Leaf Cement Factory with 698,000 shares, Silk Bank Limited (Saudi) with 422,500 shares, Lafarge Pakistan Cement with 192,500 shares.