Karachi, Chashma Sugar Mills Limited, listed on the Pakistan Stock Exchange, has been granted an extension by the Securities and Exchange Commission of Pakistan (SECP) for conducting its Annual General Meeting (AGM). The new deadline is set for February 27, 2024, in line with the financial year that concluded on September 30, 2023. This extension provides the company with additional time for the preparation and completion of necessary documentation for the AGM.
Karachi, The Pakistan Stock Exchange (PSE) has showcased a notable escalation in listed capital and market capitalization over the past six months, according to the latest data. The financial summaries reveal a consistent increase in turnover of shares, alongside the upward movement of the KSE 100 and KSE All Share Indexes, underscoring a period of robust activity and growth within the country's stock market.In August, the exchange reported a listed capital of Rs. 6,814.516 million and a market capitalization of Rs. 45,002.420 million. The turnover of shares was significant, with ready shares numbering at 30,041.970 million and future contracts at 2,511.124 million. This period set the stage for the months to follow, demonstrating the market's resilience and potential for growth.
September saw a decrease in listed capital to Rs. 3,447.734 million, yet market capitalization increased to Rs. 46,232.590 million. The turnover of ready shares also saw a slight rise to 31,158.710 million, with future contracts numbering at 1,621.924 million, indicating a continued investor interest and market liquidity.
October's figures surged with a listed capital of Rs. 8,404.818 million and a market capitalization that reached Rs. 51,920.270 million. The turnover of shares further amplified, with ready shares at 34,558.220 million and future contracts at 2,531.777 million, showcasing a significant uptick in trading activity.
November marked a substantial increase in both listed capital and market capitalization, reaching Rs. 14,056.434 million and Rs. 60,531.270 million, respectively. This month recorded the highest turnover of ready shares at 40,324.280 million, with future contracts at 3,686.656 million, reflecting heightened market dynamics and investor engagement.
December continued the trend of growth, with listed capital at its peak of Rs. 21,165.662 million and market capitalization at Rs. 62,451.040 million. The turnover of ready shares slightly increased to 41,916.270 million, and future contracts rose to 5,347.305 million, indicating sustained market enthusiasm and confidence.
January's data showed a slight adjustment with listed capital at Rs. 11,737.426 million and market capitalization at Rs. 61,979.180 million. The turnover of ready shares was consistent with previous months at 41,892.680 million, and future contracts were recorded at 4,167.581 million, concluding the six-month period on a stable note.
The Pakistan Stock Exchange's half-yearly performance outlines a trajectory of growth and resilience, marked by increasing capitalization and an active trading environment, reflective of the broader economic aspirations and market sentiment within the country.