Futures open interest down 1.5 percent

The open interest at the futures counter decreased by 1.5 percent to Rs 121 million. The uncertainty over the political and economic situation cast negativity in the minds of the investors and the futures spreads dived in the red to settle at a level of -1.56 percent, reducing by 5.87pps.
Trading at the futures counter also remained low and the average daily volume declined by 2.4 percent to 1.96 million shares as against last week's 2.01 million shares.
The top 4 scrips at the counter were Engro, AICL, POL and OGDC, which cumulatively contributed 60 percent to the total open interest.