Karachi, Pak Elektron's performance in the Pakistan Stock Exchange on 15 March showcased significant trading activity, indicating investor interest and market movement for the company's shares across various futures contracts.
The day's trading saw Pak Elektron's shares opening at PKR 23.21 and closing slightly higher at PKR 23.34. The stock hit a low of PKR 22.5 and a high of PKR 22.58 during the session, with a total of 3,564,874 shares traded, culminating in a closing price of PKR 23.
For the April futures contract, no opening, closing, low, or high prices were recorded for Pak Elektron's shares, yet the closing price was marked at PKR 23.71. This indicates a gap in trading activity, with expectations for future value driving the closing price.
The March futures contract exhibited more activity, with Pak Elektron shares opening at PKR 23.39 and closing at PKR 23.5. The shares fluctuated between a low of PKR 22.73 and a high of PKR 22.82, with a total of 2,039,000 shares changing hands. The contract closed at PKR 23.15, reflecting the market's reaction to immediate economic indicators.
Similarly, the May futures contract did not show any trading volume or open and close prices but reached a high of PKR 23.8. The absence of trading volume contrasted with a closing price of PKR 24.29, suggesting market optimism or speculative interest in Pak Elektron's future stock performance.