Faysal Bank Sees Uptick in Closing Price with Active Futures Trading on PSE

Karachi, Faysal Bank, listed on the Pakistan Stock Exchange under the company code FABL and number 807, observed an increase in its closing stock price on 10 January 2024. The bank’s shares opened at PKR 32.86 and closed higher at PKR 33.25.

During the trading session, Faysal Bank’s stock fluctuated between a low of PKR 32.8 and a high of PKR 33. The total shares traded were significant, amounting to 663,743, with the closing price recorded at PKR 32.96.

In the futures market, the FABL-FEB contract, with code 40, did not record any opening or closing price, nor any shares traded. However, the highest price during the session was PKR 34.04, with a closing price of PKR 34.02.

The FABL-JAN contract, also under code 40, opened at PKR 33.1 and closed at PKR 33.79. This contract saw a low and high of PKR 33.1 and PKR 33.79, respectively, with 5,500 shares traded. The closing price for this contract was PKR 33.45.

Another futures contract, FABL-MAR, with code 40, showed no opening, closing, or traded shares. The highest price for this session was PKR 34.86, with the closing price at PKR 34.84.

This trading day for Faysal Bank’s stocks and futures contracts on the PSE reflects an upward movement in its stock value and varied performance across different futures contracts.