Karachi, Cherat Cement, a major player in the Pakistani cement industry, reported significant gains in its stock performance on the Pakistan Stock Exchange for the closing day of 18 January 2024.
The company's primary stock, listed under the code CHCC, opened at PKR 152.6 and closed higher at PKR 155.5. The stock's trading day saw a low of PKR 151 and a high of PKR 153.84, with a total of 36,809 shares changing hands. The closing price was marked at PKR 154.85, indicating a positive shift from the opening value.
In the futures market, Cherat Cement's CHCC-FEB contract, with the company code 40, remained static in terms of its opening and closing prices, both recorded at PKR 0. However, the contract reached a high of PKR 157.79, concluding the day at a higher closing price of PKR 158.94.
The CHCC-JAN contract displayed a similar upward trend. It opened at PKR 152 and closed at PKR 154.66. The stock hit a low of PKR 152 and a high of PKR 154.28 during the day's trading. A total of 5,000 shares were traded, with the closing price settling at PKR 155.05.
Lastly, the CHCC-MAR contract, also under company code 40, mirrored the pattern of CHCC-FEB, with opening and closing prices at PKR 0. It reached a peak of PKR 161.64 and closed at a higher value of PKR 162.81.