The bulls on Wednesday swayed Lahore Stock Exchange by once again overpowering the bears, as the Exchange gained huge 118.45 points with the LSE-25 Index opened at 3768.53 and closed at 3886.98 points.
The market’s overall situation, however, did not correspond to an upward trend as it remained at 4.389 million shares to close against previous turnover of 4.865 million shares, showing an upward move of 476,400 shares. While, out of the total 79 active scrips 28 moved up, 39 remained equal and 12 shed values.
Pakistan Petroleum Limited, Treet Corporation Limited and Fecto Cement Limited were Major Gainer of the day by recording increase in their per share value by Rs 5.26, Rs 2.85 and Rs 1.08 respectively. Engro Corporation Limited, Cherat cement Company Limited and Lucky Cement Limited lost their per share value by Rs 3.00, Rs 1.85 and Rs 1.20 respectively. The Volume Leader of the day included Lafarge Pakistan Cement with 2.170 million shares, Fauji Cement Company Limited with 897,000 shares and Fatima Fertilizer Company with 217,500 shares.
ISE-10 stays bullish: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index gained 11.28 points to close at 3021.00 as compared to the previous day’s trading. Talking to APP, Stock Analyst, M.M Hassan said that the banking sector had led the bullish rally in the local stock market. The National Bank of Pakistan (NBP) and NIB Bank were remained the most traded scrips because the investors have taken major positions, he added.
However, the result season has begin and whatever results announced till to-date by the companies were the beyond expectation of the market, he said, adding the such positive aspect will bring positive activities in the capital market in the future. Total volume of shares traded was 103,000, which was down by 78,500 as compared to the previous day’s closing. Out of 129 companies’ shares traded, the price of 80 was increased while the price of 49 decreased. The price top gainer Siemens Engineering was increased by Rs.30.00 while the price of top loser decreased by Rs.12.50. NIB Bank Ltd, Fauji Cement Co Ltd and NBP remained volume leaders onWednesday, with volume of 56,000, 35,500 and 6,000 shares respectively.
