Fauji Cement Registers Slight Increase in Closing Price with Significant Futures Market Activity on PSE

Karachi, Fauji Cement, trading on the Pakistan Stock Exchange under the company code FCCL and number 804, witnessed a modest increase in its closing stock price on 10 January 2024. The company’s shares opened at PKR 19.35 and closed higher at PKR 19.55.

Throughout the trading day, Fauji Cement experienced slight fluctuations in its stock price, with a low of PKR 19.2 and a high of PKR 19.37. The company saw a significant volume of shares traded, totaling 2,759,000, with the closing price settling at PKR 19.3.

In the futures market, the FCCL-FEB contract, bearing code 40, did not record any opening or closing price, nor any shares traded. However, the highest price during the session reached PKR 19.98, with a closing price of PKR 19.92.

The FCCL-JAN contract, also under code 40, opened at PKR 19.6 and closed at PKR 19.76. This contract experienced a low of PKR 19.4 and a high of PKR 19.51, with 643,500 shares traded. The closing price for this contract was PKR 19.57.

Another futures contract, FCCL-MAR, with code 40, had no recorded opening, closing, or traded shares. The session’s highest price was PKR 20.46, with the closing price at PKR 20.4.

This trading activity for Fauji Cement’s stocks and futures contracts on the PSE reflects a small upward trend in its stock value and active participation in futures contracts.