LSE up 31 points

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LAHORE: The Lahore stock market on Tuesday saw bullish activity which pushed the index up by 31.58 points to 2,418.54.

In the morning, the trading started on a positive note and fresh buying in major blue-chips kept the index in the positive zone. In the refinery sector, however, some profit-taking was seen, but shares of banking and petroleum companies led the day’s trading.

Active shares totalled 111, of which 31 rose, 34 fell and 46 remained unchanged. Trading volume was 11.179 million shares, led by DG Khan Cement with trading in 2.743 million shares.

Al-Ghazi Tractors, Pak Oilfields, PSO, MCB Bank, Pak Petroleum, National Bank, Mari Gas, Haseeb Waqas Sugar, OGDCL and RBS were major gainers of the day while Shell Pakistan, Attock Refinery, Habib Bank, Nishat Mills, Arif Habib Securities, DG Khan Cement, Adamjee Insurance, Engro Chemical, Kohinoor Power and Pakistan Reinsurance were the major losers.

Market experts said the outlook for fresh investment was positive while improvement in the country’s rating supported trading on Tuesday. If these sentiments persisted, confidence of foreign investors would strengthen and the market would move further upwards, they remarked.

Source: The News

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