KARACHI: The stocks Thursday opened keeping yesterday’s bullish note and added 136.80 points to reach 34406.08 points level in early trading.
Bullish momentum continued Wednesday where the index rallied 421.54 points (up 1.25%) to close at 34,269.28 points. Positivity prevailed in the banking sector on the back of better than expected first quarter results and MoM increase in banking for the month of March; BAFL 2.51% and FABL 2.11% both rallied after they announced better than expected results. As global crude oil prices continue their positive trajectory to trade above $46.50 (Brent), the oil sector continued its bull run as all major scripts closed in the green zone. Top performers of the Oil and Gas sector today were OGDC (closing on its upper circuit) and ATRL (2.88%). Engro 1.75% rallied after its first quarter 2016 EPS clocked in at Rs6.97/share. Volume remained flat at 257mn shares while value rose by 5% at Rs 12.5b/$120m).
