Karachi, Dewan Motors (DFML) experienced a marginal rise in its closing price during Thursday's session on the Pakistan Stock Exchange (PSE), amid trading that saw its shares fluctuate within a narrow range and futures contracts attracting speculative interest.
The automotive company's shares opened the day at 13.8 and closed slightly higher at 13.85. The session witnessed a low of 13.5 and a high of 13.75, with a total of 301,073 shares traded. The closing price was adjusted to 13.62, reflecting a modest gain from the opening.
In the futures market, Dewan Motors' contracts showed speculative activity with no actual trades recorded. April futures (DFML-APR) were noted with a potential high of 14.57, setting the anticipated closing at 14.44. February futures (DFML-FEB) demonstrated more vitality, opening at 13.9 and closing at a higher 14.1 after moving between 13.67 and 13.94, with 157,000 shares changing hands and a final price of 13.92. March futures (DFML-MAR), while not seeing actual trades, indicated a high of 14.3 with a forecasted closing price of 14.17.
This trading day's summary for Dewan Motors on the PSE highlights a slight improvement in share price and a keen investor interest in its future market performance, as evidenced by futures contracts speculation.