The investment under Continuous Funding System (CFS) at Karachi share market grew by 15 percent to Rs 32 billion during the week ending on November 18, 2006, as compared to Rs 28 billion in previous week. Analysts expect further increase in CFS investment next week, as in-house badla would now be part of official CFS.
Faraz Farooq, analyst at JS Research, said that most of the investors prefer to avail funding facility through CFS financing, as leveraged buyers preferred to opt traditional CFS financing over the futures.
In an effort to covert in-house badla into an official channel, the KSE management arranged a special session on Saturday. Following some technical problems in converting in-house badla to official KATS traded CFS, this special session had been granted to overcome this flaw.
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