Karachi, In Monday's trading session at the Pakistan Stock Exchange, Power Cement's shares exhibited slight variations across different futures contracts, reflecting subtle investor reactions to market dynamics.
Power Cement (Company Code: POWER), a notable entity in the cement industry, saw its stock marginally increase from an opening price of 5.5 to a closing price of 5.52, after fluctuating between a low of 5.35 and a high of 5.36 during the day. A total of 446,500 shares were traded, with the stock eventually closing at a price of 5.5.
In the futures market, Power Cement's April contract (POWER-APR) remained unchanged with no opening or closing price recorded. However, the stock reached a high of 5.53 during the session, indicating some trading activity despite the lack of price movement. The closing price was noted at 5.68.
Similarly, the March contract for Power Cement (POWER-MAR) maintained a stable position with both the opening and closing prices set at 5.55, after trading at the same price throughout the day. A total of 500 shares were exchanged, closing at a price of 5.57.
For the May futures contract (POWER-MAY), no trading activity was recorded, leaving the opening and closing prices at zero. Nonetheless, the stock reached a high of 5.67, with the closing price eventually marked at 5.82, suggesting anticipations for future trading sessions.