The Oil & Gas Development Company Limited’s (PSX: OGDC) share price today surpassed Rs. 300 and closed at an all-time high at the main bourse today.
It settled at Rs. 303.25, which is the highest level ever reached by OGDC.
According to Topline Securities, the robust share price performance over the last month is driven by developments surrounding the possible gas sector circular debt resolution and receipt of payment under the power sector circular debt resolution.
The Company was established to undertake exploration and development of oil and gas resources, including production and sale of oil and gas and related activities.
OGDC’s scrip at the bourse was up by 2.94 percent or Rs. 8.67 on Wednesday.
