Karachi: The bulls continued to celebrate Supreme Court’s Panamagate verdict on Friday, leading the share market to close in green on the last day of the trading week. The market extended its previous day’s momentum as it surged around 965 points to close at 49,709 level. The market has gained 6% over the past 3 sessions since the panama verdict announcement date was notified. “This bull run in the market can be attributed to the Supreme Court’s verdict on a long-awaited high-profile political case, which eased investors’ concern to a great extent”, explained a market analyst. The bullish sentiments were also supported by a financial result announcement made by blue chip companies. Maximum upside contribution came from HBL, ENGRO, LUCK, HUBC and PPL adding 317 points, while top laggers were Nestlé, MCB, BAHL, BAFL and FCCL eroding 63 points, analysts at Topline Securities reported. Market participation eased from the previous given the Friday factor; traded volume declined by 3 percent to 396 million shares while value fell by 6 percent to Rs 24.1 billion/$230 million. OGDC announced 3QFY17 EPS of Rs 4.1/share, up 89% YoY and inline with market expectations. The company also announced a cash dividend of Rs1.5/share. This growth was mainly on the back of higher Arab Light Crude oil prices – up 77% YoY to $52.5/bbl – an uptick in hydrocarbon production, and the normalization of exploration charges. During 3QFY17, oil volumes improved by 11.7% to average 46.8000 bpd thanks to additional flow from Nashpa fields (30% of OGDC’s total oil production) which contributed an incremental production of 3.6000 bpd. NBP also announced 1Q2017 consolidated EPS of Rs 1.98/share, up 3% YoY and inline with expectations. Despite a flat Net Interest Income (NII), Net earnings of the National Bank (NBP) were up 3% YoY. This was supported by higher capitals gains that were up 62% YoY and lower provisioning expense which was down 91%. FATIMA announced 1Q2017 consolidated EPS of Rs 0.91/sh, up 117% YoY and inline with expectations. KAPCO reported 3QFY17 EPS of Rs2.9, up 38% YoY and in line with market expectations. INIL in the steel sector advanced to close on its upper circuit as the steel company declared its result for 9MFY17 in which it posted robust earnings of Rs 9.59/share, up 146% YoY. Shares of 398 companies were traded out of which 299 advanced, 86 declined and 13 remained unchanged. Chemical and engineering stocks attracted investors’ attention during weekend session. On the volume leaders’ chart, Engro Polymer topped with 37 million shares followed by TRG Pak with 32 million, Azgard Nine with 18 million, Aisha Steel Mills with 16 million and Dost Steel with 16 million shares traded at the bourse.