Karachi, The Pakistan Stock Exchange (PSE) witnessed a decline in its major indices on Thursday, with the KSE30, KSE100, and KSEALLSHR indices all experiencing drops of 1.87%, 1.88%, and 1.89%, respectively. The market also saw a decrease in trading volume and value across both the ready and future markets, signaling a cautious stance among investors.
In the ready market, K-Electric Ltd. led the top 10 companies by turnover but saw its closing rate drop to 4.10 from a previous rate of 4.33. Other notable movers included WorldCall Telecom and Oil & Gas Development Company, which also faced declines in their closing rates compared to the previous session. However, Bhanero Textile Mills Limited stood out with a significant increase, closing at 994.38, up by 69.38.
Conversely, several companies saw a decrease in their stock rates, with Rafhan Maize Products Company Limited leading the downturn with a decrease of 134.35, closing at 8,365.65. Other companies experiencing declines included Hallmark Company Limited and Mari Petroleum Company Limited, with their stocks closing lower at 325.45 and 2,198.25, respectively.
The future market also depicted a challenging environment with a vast majority of companies witnessing a decline in their stock values, underscoring the prevailing bearish sentiment among investors.
As the PSE navigates through these fluctuations, market participants remain vigilant, closely monitoring the developments that could influence future trading sessions.
Karachi, In the latest financial summaries provided to the Pakistan Stock Exchange (PSE) on February 16, 2024, Air Link CommunicationsXD (AIRLINK) showcased significant trading activity, reflecting a dynamic day in the market for its stocks.Air Link CommunicationsXD opened at 55 and closed at 56.26, with the stock fluctuating between 53.3 and 53.87 throughout the trading day. A total of 4,193,153 shares were traded, closing at a price of 55.27. Additionally, its futures contracts also saw notable movements. The April futures contract (AIRLINK-APRB) remained unchanged with an opening and closing at 0 but touched a high of 56.43, closing at 58.02. The February contract (AIRLINK-FEBB) opened at 55.1 and closed at 56.44, with shares moving between 53.5 and 54.12, and a total of 4,728,000 shares traded, closing at 55.42. The March contract (AIRLINK-MARB) remained steady, opening and closing at 55 with a minimal trading volume of 500 shares, closing at 56.
B.O. Punjab also reported its trading data, indicating steady interest among investors. The bank's stock opened at 6.01 and closed slightly higher at 6.06, with the day's low and high recorded at 5.84 and 5.88, respectively. A significant volume of 11,684,920 shares was traded, with the closing price settling at 6.03. Similar to Air Link, its futures contracts for April (BOP-APR) and March (BOP-MAR) were reported with no opening trades but closed at 6.33 and 6.21 after touching highs of 6.16 and 6.04, respectively. The February futures contract (BOP-FEB) was more active, opening at 6.04, closing at 6.08, with a trading volume of 3,515,500 shares, and closing at 6.08.
These transactions underscore the active trading environment on the Pakistan Stock Exchange, reflecting investor interest and market dynamics for both Air Link Communications and B.O. Punjab.