Investment under Continuous Funding System (CFS) at Karachi share market declined to Rs 11.36 billion on the last trading day of the week ending on November 8, 2008 as compared to Rs 11.53 billion recorded a week earlier.
The average CFS, however, increased to 66.37 percent against last week's 55.91 percent due to deficiency of funds, Romessa Mirza, an analyst at Invest Capital & Securities, said. The top 5 scrips by CFS investment were JSCL, OGDC, NBP, AHSL and POL, which cumulatively accounted for 39 percent of the total CFS investment.
The futures market has been at a standstill for over four weeks, as investors refrain from taking fresh positions because of the inevitable downside risk imminent if and when the market finally opens, she said.
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