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LAHORE: The
agreement signed between the government and Muttahida
Majlis-e-Amal (MMA) regarding constitutional package on
Wednesday evening will have very positive impact on country's
already buoyant stock markets.
'I hope that the
agreement will end political uncertainty in the country,
bringing very positive effects on Pakistani stock business,'
Managing Director Lahore Stock Exchange (LSE), Samir Ahmad
said.
Meanwhile, the
bulls further consolidated their position in Lahore stock
market on Wednesday, taking the LSE-25 index to 2479.06 from
Tuesday's 2469.34.
The total turnover
also corresponded to the upward trends by touching the mark of
60.419 million shares against yesterday's 54.996 million. Of
90 active scrips traded on Wednesday, 20 posted gains, 16 lost
worth while a majority of 50 equities remained stable.
Nishat Mills
Limited, Pakistan Industrial Credit and Investment Corporation
(PICIC) and Pakistan Oil Fields Limited were the major gainers
of the day while ICI Pakistan Limited, Pakistan State Oil
Company Limited and Kohinoor Textile Mills Limited led the
losers camp.
DG Khan Cement
Company with 6.836 million shares remained the volume leader
of the day, followed by Fauji Fertilizer Bin Qasim and
Pakistan International Airlines Corporation (PIAC).
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