Karachi, Trading on the Pakistan Stock Exchange for Aisha Steel Mill reflected modest fluctuations in stock prices for the day, with variations in both the opening and closing prices across different futures contracts.
The main stock of Aisha Steel Mill, with the company code ASL, opened at PKR 6.97 and closed at PKR 6.83, after experiencing lows and highs ranging from PKR 6.7 to PKR 6.73. The trading volume for the day was reported at 1,025,407 shares, indicating a fair level of investor interest in the steel manufacturing entity.
Futures trading for Aisha Steel Mill also demonstrated slight variations. The ASL-APR contract, specific to April, maintained a steady position with both the opening and closing prices set at PKR 7. This contract observed a trading volume of 35,000 shares, with the day's prices peaking and bottoming out at PKR 6.9.
For the March futures contract, coded as ASL-MAR, the stock opened at PKR 7 and had a closing slight drop at PKR 6.82. The stock prices for this contract fluctuated between PKR 6.8 and PKR 7.05, with a total of 60,500 shares traded throughout the session.
Interestingly, the May futures contract, ASL-MAY, which had no open and close prices listed for the day, was marked with a closing price of PKR 7.16, suggesting expectations of a future price increase among investors. The high for the day was noted at PKR 7.05, even though no shares were traded under this contract.
The trading activity surrounding Aisha Steel Mill on the Pakistan Stock Exchange reveals a nuanced investor response to the company's stock, with slight variations across different futures contracts suggesting cautious optimism.