KARACHI: The stocks Thursday opened recouping almost all the previous losses and added 626 points to reach 41545.95 points level in early trading.
On Wednesday, the Pakistan Stock Exchange continued its downward trajectory on third consecutive session as the benchmark 100-share index conceded another 30 points and closed at 40,924.14 points. Overall, volumes increased by 32.4% to 506m shares, while value decreased by 5.3% to Rs12.4b/ $119m. Rumours of increase in cement bag prices led some interest in DGKC, MLCF & FCCL. Stocks gained between 0.6%-2.4%. UBL announced EPS of 5.77/share along with Rs.3 dividend. Stock price closed up by 1.5%. Above expected EPS of 18.85/share led APL to gain by 4.1%. EFOODS announced below expected EPS of 0.83/share. Stock price increased by 0.6%.
