Telecard Limited Shares Surge on Pakistan Stock Exchange on 23 Nov 2023

Karachi, (PPI Bot): The Pakistan Stock Exchange (PSE) witnessed a considerable surge in the share prices of Telecard Limited (TELE) on November 23, 2023. The company's shares (code: TELE) opened at PKR 8.68 and experienced significant buying interest, closing at PKR 9.35. The stock oscillated between a low of PKR 8.63 and a high of PKR 9.18, with a remarkable trading volume of 32,418,031 shares. The closing price was just below the open at PKR 8.66.

Telecard Limited's December futures (code: TELE-DEC) also reflected strong investor sentiment, opening at PKR 9 and closing even higher at PKR 9.55. The futures saw a low of PKR 8.82 and a high of PKR 9.4, with a trading volume of 8,156,000 shares. The December futures settled at a closing price of PKR 8.87.

The January futures of Telecard Limited (code: TELE-JAN) did not record any trading activity, yet the high was quoted at PKR 9.6, suggesting expectations of future gains, with a closing price set at PKR 9.06.

In addition, Telecard Limited’s November futures (code: TELE-NOV) opened at PKR 8.87 and matched the upward trend of the main stock, closing at PKR 9.35. The futures traded between a low of PKR 8.75 and a high of PKR 9.16, with 5,488,000 shares exchanged. The November futures closed at PKR 8.68.