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LSE downs by 31.85 points

LSE downs by 31.85 points

LAHORE: Bearish trend prevailed in Lahore Stock Exchange on Monday as it shed 31.85 points. The LSE-25 index opened with 4619.20 and closed at 4587.35 points.

The market’s overall situation also did not correspond to an upward trend as it remained at 5.181 million shares to close against previous turnover of 6.258 million shares, showing a downward slide  of 1.076 million shares. While, out of the total 91 active scrips 33 moved up, 45 remained equal and 13 shed values.

Engro Foods Limited, Glaxo Smith Kline Pakistan and Netsol  Technologies Limited were major gainers of the day by recording increase in their per share value by Rs 5.19, Rs 4.98 and Rs 2.10 respectively.

Mari Petroleum Company, Pakistan State Oil Company Limited and Fauji Fertilizer Company Limited lost their per share value by Rs 8.98, Rs 1.50 and Re 0.90 respectively.

The Volume Leader of the day included Pakistan International Airline Corporation with 959,000 shares, Fauji Cement Company Limited with 811,500 shares and The Bank of Punjab Limited with 640,000 shares.