Ghandhara Industries Witnesses Surge in Stock Price Amid High Volume Trading

Karachi, Ghandhara Industries experienced a notable surge in its stock price, closing at 170.46, significantly up from its opening price of 160.01. The stock reached a high of 164.6 after opening, with the day's low at the opening price. A substantial volume of 2,468,033 shares was traded, leading to a closing price substantially higher than the previous close of 158.57.

Commercial Banks Sector Advances in Index

Karachi, The Commercial Banks sector showed progress with a market capitalization of Rs. 1,701,499,633,908 and a traded value of Rs. 817,554,238.080 from a turnover of 24,732,295. The sector's index moved up to 14,524.690, with a net change of 30.600, making up 18.489% of the market capitalization as reported on March 15, 2024, in the Pakistan Stock Exchange.

Ghani Global Glass Shares Remain Stable in Recent PSE Trading Session

Karachi, In the latest trading session at the Pakistan Stock Exchange (PSE) on March 15, Ghani Global Glass (GGGL) saw its shares trading with minimal fluctuation, closing at the same price as it opened. The day witnessed GGGL shares opening at PKR 6.18 and closing at the same price, while the stock experienced a slight dip, reaching a low of PKR 6.00 before settling at a closing price of PKR 6.04. A total of 61,500 shares were traded during the session.

Additional listings for GhaniGlobalGlass, labeled GGGL-APR and GGGL-MAR, were noted, although no trades were recorded for these specific futures. The GGGL-APR future was observed with a potential high of PKR 6.20, with its closing price listed at PKR 6.23. Similarly, the GGGL-MAR future showed a possible high of PKR 6.08 but concluded with a closing price of PKR 6.20.

Azgard Nine Ltd Remains Steadfast Despite Market Fluctuations

Karachi, Azgard Nine Ltd (ANL), a key figure in the textile composite sector, maintained its market presence without declaring any dividend for the current financial year. The company's share price stood at Rs. 7.58, with a significant daily weighted average rate, reflecting resilience in the face of market fluctuations. Since its listing in 1996, Azgard Nine Ltd has demonstrated a commitment to navigating through the industry's ups and downs. The earnings per share (EPS) for the fiscal year 2022/2023 was reported at Rs. 2.99, indicating a stable financial position amidst challenging economic conditions.

Ghandhara Tyre Ends Higher in Light of Increased Trading Volume

Karachi, Ghandhara Tyre's stock price concluded the trading day at 35.5 on March 15, 2024, after opening at 34.61. The stock moved between a low of 34.4 and a high of 34.61, with 338,500 shares traded during the session. The closing price represented an increase from the previous day's close of 34.52.

Pakistani Textile Giant Gul Ahmed’s Stock Performance Remains Steady Amid Trading Fluctuations

Karachi, In the latest trading session on the Pakistan Stock Exchange (PSE), the performance of Gul Ahmed, a prominent player in the textile industry, showcased stability in its stock prices amidst minor fluctuations. The trading data revealed a consistent closing price for the company's stocks, with variations observed in the opening, low, and high prices throughout the session.

Gul Ahmed, listed under the company code GATM with company number 829, saw its shares opening at a price of 20.1 and closing at the same level, with a low of 19.5 and a high of 19.65 during the day. The total shares traded for the company amounted to 206,418, closing at a price of 19.99.

In addition to the regular stock, Gul Ahmed's futures also saw activity. The April futures (GATM-APR), despite having no opening or closing trades, noted a high of 20.22, with the closing price listed at 20.61. Similarly, the March futures (GATM-MAR) opened and closed at 20.16, with a stock low of 19.75 and a high of 19.89. The total shares traded in this category reached 45,000, with a closing price of 20.25. Lastly, the May futures (GATM-MAY) did not see any opening or closing trades but recorded a high of 20.71, with the closing price ending at 21.12.

The day's trading session for Gul Ahmed highlighted a stable outlook for the company's stock amidst the usual market dynamics, indicating sustained investor interest in one of Pakistan's leading textile manufacturers.

Engineering Sector Experiences a Slight Decrease

Karachi, The Engineering sector faced a minor decrease with a market capitalization of Rs. 105,962,406,103 and a traded value of Rs. 190,500,545.980 from a turnover of 4,766,265. The sector's index adjusted to 33,379.690, reflecting a net change of -87.280 and contributing 1.151% to the market capitalization as of March 15, 2024, in the Pakistan Stock Exchange.

Ghani Chemical Closes Higher After Active Trading Session

Karachi, Ghani Chemical's shares ended the day at 10.8 on March 15, 2024, up from the opening price of 10.56. The shares traded within a range of 10.48 to 10.66, with a total of 361,500 shares being traded. The closing price showed a slight increase from the previous closing price of 10.54.

Habib Metropolitan Bank Shares See Minor Fluctuation: Pakistan Stock Exchange Update

Karachi, The Pakistan Stock Exchange reported minimal changes in the share prices of Habib Metropolitan Bank (HMB) and its various future contracts on March 15, 2024. The ordinary shares of Habib Metropolitan closed slightly lower than their opening prices amidst modest trading activity.

Habib Metropolitan's ordinary shares (HMB) opened at PKR 58.99 and closed at PKR 58.88 after fluctuating between a low of PKR 58 and a high of PKR 58.48. A total of 117,500 shares were traded throughout the day.

Additionally, there were listings for future contracts of Habib Metropolitan, denoted as HMB-APRB, HMB-MARB, and HMB-MAY, though no trading activity was reported for these contracts. The future contracts showed closing prices of PKR 54.95, PKR 53.88, and PKR 56.3, respectively, with no changes in their opening and low values, indicating a lack of trading activity for these specific contracts on the mentioned date.

Miscellaneous Sector Reports Growth Amid Market Fluctuations

Karachi, The Miscellaneous sector of the Pakistan Stock Exchange has shown notable growth with a market capitalization of Rs. 87,874,288,770 and a traded value of Rs. 12,478,844.180 from a turnover of 316,567. The sector's current index stands at 20,459.290, marking a net change of 93.420 and contributing 0.955% to the market capitalization as of March 15, 2024.

Ghani Glass Ltd Records Modest Gain in Stock Price

Karachi, Ghani Glass Ltd witnessed a modest increase in its stock price, closing at 25.5, up from the opening price of 25.2. The stock traded in a narrow range between 25 and 25.05, with 103,000 shares being traded. The closing price was marginally higher than the last close of 25.06.

National Silk & Rayon Mills Faces Earnings Setback

Karachi, National Silk & Rayon Mills (NSRM), a veteran in Pakistan's textile sector since its listing in 1962, reported a negative EPS of (1.47) for January-February 2024. The company, which did not announce any dividends or bonuses for the period, saw its shares traded at a daily weighted average rate of 155.53. The financial performance reflects the challenges faced by the company in the competitive textile market.