KARACHI: The Pakistan Stock Exchange Thursday started positive by gaining 80.25 points to reach 33700.09 points level in early trading.
On Wednesday, the stocks witnessed a decline by 109 points (0.33 per cent) to close at 33619.84 points. The market saw profit taking with the cement sector leading the decline on lower than expected numbers of key players. CHCC, down 2.78 per cent, announced its 9MFY16 result, announcing EPS of Rs 5.91/share, which was lower than expectation of Rs6.24/share. Positivity was witnessed in the refineries on the back of strong gross refining margins prevailing in the sector as NRL rose 4.36 per cent. SNGP, up 3.52 per cent, rallied after announcing its 3Q16 result, posting an EPS of Rs 0.002/share. Volume increased by 9 per cent to 262m shares while value increased by 17 per cent to Rs 10.3b/$99m. Continued interest was observed in BYCO which led the stock to close up by 3.9 per cent.
