Karachi, On the Pakistan Stock Exchange (PSE), Askari BankXD (AKBL) displayed a noteworthy performance on April 4, 2024, with its shares experiencing positive movement throughout the trading session. The bank's shares opened at 20.4 PKR and closed higher at 20.85 PKR, indicating a strong performance. The stock's price fluctuated between a low of 20.15 PKR and a high of 20.34 PKR, with a significant volume of 2,637,500 shares traded, closing slightly lower at 20.2 PKR.
In the futures market, Askari BankXD also showed positive trends. The April futures for Askari BankXD opened at 20.71 PKR and climbed to a close of 21.07 PKR, maintaining stability with both the low and the high for the day recorded at 20.66 PKR. This resulted in 6,000 shares traded and a closing price of 20.73 PKR. Notably, the June and May futures did not have any opening or closing transactions recorded, but high prices were observed at 21.54 PKR and 21.13 PKR, respectively, leading to closing prices of 21.45 PKR for June and 21.05 PKR for May.
This trading activity on the PSE reflects a robust interest in Askari BankXD, showcasing its vitality in the banking sector of Pakistan. The positive trends in both the stock and futures markets suggest investor confidence in the bank's financial health and future prospects, underscored by the active trading volumes and the upward movement in share and futures prices.