MCB Bank Ltd Records Significant Movement in Stock Prices and Futures

Karachi, MCB Bank Ltd (MCB) displayed notable changes in its stock prices during the trading session on December 7, 2023, at the Pakistan Stock Exchange. The bank's shares opened at PKR 171.8 and experienced a significant rise, closing at PKR 178.5. Throughout the day, the stock fluctuated between a low of PKR 170.96 and a high of PKR 176.37. A considerable amount of shares, amounting to 1,355,456, were traded, leading to a closing price of PKR 170.96.

In the futures market, MCB Bank Ltd's December futures (MCB-DEC) opened at PKR 174.5 and closed at a higher value of PKR 180. The futures reached a peak of PKR 180, with 33,500 shares traded, concluding at a closing price of PKR 174.

The bank's February futures (MCB-FEB) and January futures (MCB-JAN) did not see any trading activities. However, the February futures marked a high of PKR 186.26 and closed at PKR 180.67, while the January futures recorded a high of PKR 182.71 and closed at PKR 177.23.

These movements in MCB Bank Ltd's stock and futures indicate the market's response to the bank's current performance and future prospects.