Futures open interest up 23 percent

The total open interest position at the futures counter increased by Rs 265 million, up 23 percent on week-on-week basis to Rs 1.4 billion. On the other hand, future spreads declined by 593bps on week-on-week basis to 0.91 percent due to sudden jump in values in regular market.
Trading activities at the futures counter improved, as the average daily volumes significantly increased by 164 percent on week-on-week basis to 8.2 million shares. The top-5 scrips at the futures counter holding 68 percent of the total open interest were ENGRO, OGDC, PSO, NBP and POL.