Karachi, The Pakistan Stock Exchange (PSE) on February 29, 2024, recorded a day of mixed outcomes for the Fauji Fertilizer Bin Qasim Limited (FFBL) and Fauji Fertilizer Company Limited (FFC), with some shares closing higher and others remaining unchanged or seeing minor adjustments. The trading activity underscored the fluctuating fortunes of companies within the fertilizer sector.
Fauji Fertilizer Bin Qasim Limited (FFBL) saw its main shares (FFBL) open at 26.36 and close higher at 27.25, with a low of 26.31 and a high of 26.81 during the trading session. A total of 2,981,673 shares were traded, resulting in a closing price of 26.1, indicating a slight decrease from the closing value.
The FFBL-APR preference shares did not witness any trading activity, with both opening and closing prices at zero, despite reaching a high of 26.81, with the closing price set at 26.12.
FFBL's MAR preference shares (FFBL-MARB) opened at 25.9 and closed higher at 26.75 after fluctuating between a low of 25.9 and a high of 26.32. With 381,000 shares traded, the closing price was adjusted to 25.59.
The MAY preference shares of FFBL (FFBL-MAY) also saw no trading, with no opening or closing prices listed and a high of 27.46, setting the closing price at 26.75.
Fauji Fertilizer Company Limited (FFC), in a similar trend, opened its shares (FFC) at 118 and closed higher at 121.55, with a trading range between 117.3 and 119.33. A total of 3,414,841 shares were exchanged, closing at 117.29, slightly below the opening price.
FFC's APR preference shares (FFC-APRB) remained stagnant in terms of trading, with no opening or closing transactions and a high of 119.74, with the closing price noted at 117.77.
The MAR preference shares of FFC (FFC-MARB) opened at 117.9 and closed at 119.99, experiencing a low of 117 and a high of 117 with 85,500 shares traded, resulting in a closing price of 115.49, reflecting a minor adjustment from the opening.
Lastly, the MAY preference shares for FFC (FFC-MAY) did not engage in any trading, with no shares exchanged and reaching a high of 122.65, establishing a closing price of 120.63.