Karachi, Kot Addu Power Company (KAPCO) marked an upward trajectory in its share price during the trading session on March 6, 2024, at the Pakistan Stock Exchange (PSE). The company exhibited a positive performance across various futures, reflecting a bullish investor sentiment towards its stock.
KAPCO opened the trading day at a price of 31.83 PKR and closed at a higher rate of 32.3 PKR. The shares experienced a slight fluctuation between a low of 31.8 PKR and a high of 32.01 PKR. With a substantial total of 2,856,538 shares traded during the session, the closing price slightly dipped to 31.82 PKR, showcasing a stable yet positive market movement for the company.
In the futures market, Kot Addu Power saw diverse activities. The April futures, represented by KAPCO-APR, did not witness any trades but recorded a high of 32.01 PKR, with the closing price a bit lower at 31.84 PKR. This indicates a steady interest in the company’s stock in the upcoming month.
The KAPCO-APRB April futures variant experienced limited trading with only 5,000 shares exchanged, opening and closing at 29.9 PKR, but with a notable closing drop to 28.29 PKR, suggesting a specific market adjustment.
March futures for KAPCO, under the code KAPCO-MAR, opened at 31.81 PKR and closed higher at 32.3 PKR, after moving between 31.52 PKR and 31.68 PKR, ending the day at 31.76 PKR for 130,000 shares traded. This demonstrates a robust demand for the company’s shares in the short term.
Additionally, the March futures variant, KAPCO-MARB, and May futures, both standard (KAPCO-MAY) and variant (KAPCO-MAYB), illustrated varying degrees of investor outlook, with specific closing prices indicating a nuanced approach to the company’s future valuations.
KAPCO’s trading performance on the PSE underscores a positive investor sentiment and a healthy trading volume, reflecting confidence in the company’s stock amid the market’s dynamics.