Tuesday, November 24, 2009

LSE Sheds Value on Political Turm

LAHORE: As political deadlock reappeared on the political front following release of NRO beneficiaries' list, Lahore Stock Exchange (LSE) registered bearish trends Monday with its benchmark LSE 25-Index losing 26.48 points to close at 2,861.57 levels as compared to 2,888.05 Friday.

The total turnover also witnessed a decreasing trend as it remained at 6.824 million shares on the day as compared to 11.122 million shares traded the other day.
Out of total 98 active scrips, only 13 moved up the board, 40 remained in the negative column while other 45 remained unchanged.

National Refinery Limited came out as the top gainer of the day with an increase by Rs9.28 in its share price to finish at Rs194.85, while Mari Gas Company Ltd topped major losers with Rs7.13 decrease in its share value to end at Rs137.87.

Bank Alfalah Limited emerged as volume leader of the day with 2.195 million shares traded in the scrip, followed by Arif Habib Securities Limited with 0.589 million shares and Pakistan PTA Limited with 0.555 million shares.

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