Karachi, The Pakistan Stock Exchange (PSE) saw significant activity in the shares of Pak Petroleum (PPL) during its closing market summary on February 29, 2024. Detailed trading data revealed a noticeable fluctuation in the stock prices of PPL across various futures contracts.

PPL’s standard shares opened at a price of 109.8 and closed higher at 114.97 after ranging between 109.2 and 113.48 throughout the trading session. A total of 15,985,508 shares were traded, with the closing price slightly lower than the opening at 108.34.

In the futures market, the PPL-APR contract remained unchanged throughout the day, opening and closing at 112.35, with a total of 2,000 shares traded. This stability contrasts with the PPL-MAR contract, which saw its price increase from 109.88 to 115 after trading between 109.3 and 113.36, involving 10,714,500 shares. The closing price settled at 108.63.

Similarly, the PPL-MARB contract showed resilience, opening at 108.5 and reaching a high of 114.5 with 8,360,500 shares changing hands. The low for this contract matched its opening price, indicating strong buying interest at lower levels. The closing price was noted at 108.11.

Notably, the PPL-MAY and PPL-MAYB contracts did not record any trades during the day. However, the high prices listed for these futures were 113.56 and 118.18, respectively, suggesting potential interest at these levels in future sessions.

The day’s trading underscored the dynamic nature of the PSE and the particular volatility within the futures contracts of Pak Petroleum. Despite the mixed performance across different contracts, the overall activity highlighted the investor interest in PPL shares, reflecting the company’s significant role in the market.