KARACHI: The stocks Thursday gained huge 361 points to reach the record level of 40716.30 points in early trading.
On Wednesday, the positive momentum continued at stock market. Volatility prevailed in the market as the 100-share index gained 60.64 points to close at 40,355 points level. OGDC (down 0.50%), PPL (0.81%) and POL (0.61%) in the E&P sector lost value to close in the red zone, as crude oil prices remained volatile. SEARL (down 0.07%) lost value to close in the red zone, as the pharmaceutical company declared its results for FY16. In its result, the company posted consolidated EPS of Rs16.60/share along with a final cash dividend and stock bonus of Rs5/share and a 14%, respectively. Volume decreased to 435m shares as compared to 573m shares of the previous day while traded also declined to Rs13.6b/$130m.
