Karachi, The Pakistan Stock Exchange (PSE) showcased a notable trading activity in the shares and futures of Kohinoor Spinning on April 3, 2024, indicating a focused investor interest in the textile company's stock and its future market projections.
Kohinoor Spinning, listed under the company code KOSM, saw its shares opening at a price of 4.33 and experiencing a closing high of 4.54, marking a positive shift. The trading session recorded a low and high of 4.33 and 4.43 respectively, with an impressive volume of 4,539,000 shares traded. The shares eventually closed at a price of 4.38.
Further, Kohinoor Spinning's futures also saw trading activity, with the April futures (KOSM-APR) opening at 4.5 and closing higher at 4.6. This contract reached a low of 4.45 and a high of 4.5 during the session, with a total of 934,000 shares traded, closing at 4.46.
The June (KOSM-JUN) and May (KOSM-MAY) futures, although showing no shares traded, were noted for their closing prices of 4.65 and 4.57, respectively. These figures were set against their high points for the day, indicating anticipated movements in the stock's future prices despite the lack of trading activity.
This detailed trading activity for Kohinoor Spinning reflects a vibrant interest from the market participants, not only in its present stock performance but also in its future outlook as evidenced by the futures trading data.