Karachi, Pakistan Petroleum Limited (PPL), one of the key players in Pakistan's energy sector, demonstrated stability in its main stock and active engagement in its futures contracts in today's session at the Pakistan Stock Exchange.
Pakistan Petroleum's main stock opened at PKR 131.01 and saw a slight increase, closing at PKR 131.24. The stock varied between a low of PKR 125.02 and a high of PKR 126.67, with a substantial trading volume of 27,788,195 shares, settling at a closing price of PKR 131.01.
In the futures market, Pakistan Petroleum experienced notable activity. The February contract (PPL-FEB) opened at PKR 133.5 and closed higher at PKR 134.5. It recorded a low of PKR 127.4 and a high of PKR 129.26, with a trading volume of 8,883,000 shares, concluding at a closing price of PKR 133.91.
The January contract (PPL-JAN) also witnessed considerable trading, opening and closing at PKR 132.03. The contract fluctuated between PKR 125.01 and PKR 127.22, with 11,686,000 shares traded, closing at PKR 131.48.
However, the March contract (PPL-MAR) did not record any trading activity, with its prices remaining at zero throughout the session. Despite this, it marked a high of PKR 132.64 and a closing price of PKR 137.28.
These trends in Pakistan Petroleum's stock and futures contracts indicate steady investor confidence in the company's performance, reflecting the market's response to the energy sector's dynamics.