Karachi, (PPI Bot): Kot Addu Power Company (KAPCO) experienced a notable increase in share price during the trading day on November 23, 2023, on the Pakistan Stock Exchange. The company's shares opened at Rs. 27.95 and climbed to a high of Rs. 28.32, closing at an elevated price of Rs. 28.5. Throughout the session, shares fluctuated, reaching a low of Rs. 27.65, with a substantial volume of 3,917,387 shares traded, culminating in a closing price of Rs. 27.84.

The December futures contract (KAPCO-DEC) opened at Rs. 28.5 and saw an increase, closing at Rs. 29.19. The trading for the day remained within a narrow range with a low of Rs. 28.5 and a high of Rs. 28.81, closing with 90,000 shares traded at a price of Rs. 28.48.

No trades were executed for the January futures contract (KAPCO-JAN), which had a set closing price at Rs. 29.62, indicating a future value of Rs. 29.14.

Moreover, the November futures contract (KAPCO-NOVB) showed a positive movement with an opening and closing price of Rs. 27.7 and Rs. 28.5, respectively. The shares touched a low of Rs. 27.7 and a high of Rs. 28.35, with a total of 259,000 shares traded, and a closing price of Rs. 27.88.

The trading activity of KAPCO's shares indicates investor confidence, with a clear upward trend in both spot and futures markets, highlighting a bullish outlook for the power company.