Karachi, (PPI Bot): On November 23, 2023, International Industries Ltd. (INIL) saw a significant surge in share prices on the Pakistan Stock Exchange. The company's shares opened the trading day at Rs. 113.49 and climbed to a closing of Rs. 116.5, marking a substantial increase. The stock fluctuated between a low of Rs. 112.7 and a high of Rs. 113.66, concluding the day with a hefty trading volume of 1,283,556 shares and a final closing price of Rs. 112.44.
The December futures contract (INIL-DEC) also exhibited a strong performance, with the opening price at Rs. 116.98 and closing higher at Rs. 119. The stock hit a low of Rs. 115.5 and reached Rs. 115.7 at its peak, with a total of 90,000 shares traded, resulting in a closing price of Rs. 115.6.
The January futures contract (INIL-JAN), however, showed no trading activity with zero trades conducted, and a closing price set at Rs. 118.87, indicating a forward value of Rs. 117.67.
Similarly, the November futures contract (INIL-NOV) opened at Rs. 115.23 and made a modest gain to close at Rs. 116.45. The shares witnessed a low of Rs. 113 and a high of Rs. 113.39, with 49,500 shares traded, ending with a closing price of Rs. 113.
The day's market activity reflects investor confidence in International Industries Ltd., with stock prices moving positively both in spot and future markets.