Karachi, JS Global Banking ETF, an exchange-traded fund reflecting the banking sector's performance, reported its financial details to the Pakistan Stock Exchange (PSE) for April 8, 2024. The trading details pointed to the future price expectations of the fund despite no trading activity on the given day.
The ETF itself (JSGBETF) registered a minimal activity, with only 1,000 shares traded, and both the opening and closing prices, as well as the average price, were logged at PKR 15.3. This singular trade indicates a moment of steadiness for the fund.
For the futures market, no trading activity was reported for April (JSGBETF-APRB), May (JSGBETF-MAY), or June (JSGBETF-JUN) contracts. However, settlement prices were stated as PKR 15.5 for April, PKR 15.89 for May, and PKR 16.19 for June futures, with average prices very closely aligned at PKR 15.51, PKR 15.9, and PKR 16.21, respectively. These settlement and average prices suggest investors' expectations of a gradual upward movement in the JS Global Banking ETF's value in the upcoming months.