Thursday, July 1, 2010

LSE slightly up

LAHORE: The Lahore Stock Exchange benchmark LSE-25 Index gained 3.55 points to close at 3,092.67 points amid selling pressure on Wednesday, dealers said.

Overall 117 companies changed hands, out of which 25 advanced, 37 declined and 55 companies remained unchanged.

Total traded volume for the day stood at 6.159 million shares. Lotte PPTA remained on top of the list with a turnover of 1.332 million shares.

Uncertainty gripped the market as investors expressed concern over the audit carried out by the Federal Board of Revenue (FBR), said Mirza Irfan, an analyst at CVS.

The service industries, MCB Bank, Allied Bank Limited, Habib Bank Limited (HBL), Dewan Cement, OGDCL, RBS, Soneri Bank, Treet Corporation and Arif Habib Securities were the major gainers.

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