Islamabad September 20 2022: TRG Pakistan Limited blank sale volume increased more than five and a half points as stock price increases 35 percent since 7th September 2022 but still it is less than 20 percent of the open interest position, according data available at Pakistan Stock Exchange Website.
TRG Pakistan share prices increases from PKR 87.69 on 7th September 2022 to PKR 118.34 on 19th September 2022, witnessed an increase of 34.95 percent.
PSX data revealed that Blank sell position for TRG increased from 1.2 million shares on 7th September to 6.8 million shares on 16th September 2022 (19th September data is not available yet), which is 5.51 times increase. Blank sale position is 100 percent for November, 26.35 percent for October and 19.06 percent for September as a percentage of Open interest.
However, during the same period future open position posted an increase of 58.26 percent from 22.6 million shares to 35.8 million shares.
TRG settlement drops to 31.63 percent on 19th September 2022 when compared with 40.08 percent on 7th September 2022.
During the same period Foreigners have bought USD 14.8 million worth of stake in Technology and Communication sector of Pakistan with net buy of 33.6 million shares, more than half of which were in Future contract for September by Foreign Individuals. On the other hand, Overseas Pakistani have sold net 2.2 million in Future Contract for September.
About the Company
TRG Pakistan Limited was incorporated in Pakistan as a public limited company on December 2, 2002 under the repealed Companies Ordinance, 1984. On May 14, 2003 the Company obtained a license from the Securities and Exchange Commission of Pakistan (“SECP”) to undertake venture capital investment as a Non-Banking Finance Company in accordance with the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules). The principal activity of the Company, through its associate, The Resource Group International Limited (TRGIL) is to invest in a portfolio of investments primarily in the Technology, IT enabled services and medicare insurance sectors.
