Karachi, The Hub Power Company (HUBC), a major player in Pakistan’s power sector, showed significant trading activity on the Pakistan Stock Exchange (PSE) as of April 8, 2024, with notable share price movements and substantial volumes reported.
HUBC's ordinary shares demonstrated a robust trading volume of 8,052,933, with an opening at PKR 121.99 and a closing significantly higher at PKR 125.64. The day's trading marked an average share price of PKR 121.74, highlighting the stock's strong performance throughout the trading session.
In the futures arena, Hub Power’s April futures contracts (HUBC-APRB) also witnessed considerable interest with 646,000 shares traded. The contracts opened at PKR 123.5 and climbed to a closing price of PKR 126.66, outpacing the ordinary shares with an average price of PKR 123.35.
The May (HUBC-MAY) and June (HUBC-JUN) futures contracts reported no trades; however, their settlement prices were recorded at PKR 130.45 and PKR 132.98, respectively. The average prices for the futures were set at PKR 126.48 for May and PKR 128.94 for June, suggesting investor expectations for future gains in HUBC’s market value.