Karachi, The Pakistan Stock Exchange (PSE) has released financial details for Dewan Motors on February 16, 2024, showcasing a range of activities across its stocks and futures. The company, listed as DFML, experienced movements in its price points, with significant trading volumes noted in its primary stock and February futures.
Dewan Motors' main stock, under the company code DFML with company number 801, opened at a price of 14.54 and closed higher at 15.36. The stock saw a low of 14.3 and peaked at 15.36, with a substantial total of 4,086,057 shares traded throughout the day. Despite the high closing, the stock settled at a slightly lower price of 14.29.
In the futures market, Dewan Motors' April futures (DFML-APR) did not register any trading activity, with both opening and closing prices remaining undisclosed. However, the future reached a high of 16.09 before settling at 15, indicating speculative interest in the company's mid-term financial outlook.
The February futures for Dewan Motors (DFML-FEB) showed more activity, opening at 14.5 and achieving a closing price of 15.49 after fluctuating between a low of 13.69 and a high of 15.49. A total of 1,374,000 shares were traded, closing at a price of 14.41, reflecting a positive sentiment among investors regarding the company's immediate future.
Lastly, the March futures (DFML-MAR) saw minimal activity with only 1,000 shares traded. The futures opened, low, and high at a consistent price of 14.5 but managed to close slightly higher at 14.72, suggesting cautious optimism among a smaller set of investors.
The trading day for Dewan Motors on the PSE marked a blend of significant trading volumes in its primary stock and varied interest across its futures, pointing towards investor engagement with the company's stock in both the short and medium term.