Karachi, Pak Petroleum Limited enjoyed gains in both its stock and futures prices in today's trading on the Pakistan Stock Exchange, reflecting positive investor sentiment.
Pak Petroleum, trading under the company code PPL and number 820, opened the session at PKR 112.72 and closed higher at PKR 114.24. The stock fluctuated between a low of PKR 111.5 and a high of PKR 112.66. By the close of trading, a total of 3,825,764 shares had been exchanged, with the stock settling at a closing price of PKR 112.61.
The April futures of Pak Petroleum, designated as PPL-APRB, opened at PKR 113.6 and ended the day at PKR 115, marking a rise in investor confidence. These futures traded between PKR 112.55 and PKR 113.63, with 1,266,000 shares changing hands, concluding at a closing price of PKR 113.7.
In addition, the futures for June and May, coded as PPL-JUN and PPL-MAYB, showed no trades for opening or closing, but reached highs of PKR 118.76 and PKR 116.48, respectively. They closed at PKR 119.19 for June and PKR 118 for May, indicating strong future expectations among traders.