The carryover transactions (CoTs) and carryover business (CoVs) at the Karachi Stock Exchange continued forward march.
The total CoTs soared at the local bourse on Friday and climbed to four-month high level at 415 million shares. Previously, it had recorded this level on Oct 9, 2003 when it peaked to 413.89 million shares.
In line with CoTs, total investment was up and stood at Rs 21.34 billion over the weekend. On the other hand, the weighted average carryover charges on annualised basis continued their downward journey and trickled down by another 29 bps to 11.06 percent against 11.35 percent reported a session ago.
In Lahore, the carryover market also witnessed a similar pattern where the total investment climbed to Rs 2.76 billion with total CoTs of 62.73 million shares.
The weighted average carryover charges at Lahore, however , witnessed an upward trend where the CoCs climbed to 13.35 percent from 10.05 percent reported last Friday, a report of Arif Habib Securities said.
The regular market is smashing records everyday and the KSE 100 Index on Friday closed at yet another history highest level at 4,888 points.
The current carryover volume and business are also hovering near their all time high levels. At current levels the average CoTs is 30 percent higher than the average CoTs recorded during the year FY 03.
The average CoTs during FY 03 stood at 320.27 million shares against current CoTs of 415 million shares recorded over the weekend.
Similarly the current CoVs for is also hovering almost 61 percent higher then the average CoVs prevailed during FY03 at Rs 13.89 billion.
On the other hand the current CoCs are on the lower side at 12.35 percent against 13.89 percent reported for the last year FY03On DoD basis CoTs on Friday recorded a marginal increase where the total CoTs increased by 1.24 million shares to 415.19 million shares from 413.96 million shares reported a session earlier.
In absolute terms among the heavily traded scrips substantial increase was witnessed in CoTs of Hubco.
The carryover shares of Hubco increased by 3.42 million shares to 42.78 million shares from 39.37 million shares reported a session earlier.
Other scrips that followed the same trend included FFBL, NML, SEMF and FCCL that increase by 2.50 million to 29.15 million, 2.31 million to 10.83 million, 2.23 million to 12.31 million, and 1.34 million shares to 24.04 million shares respectively.
The total business at the CoM over the weekend also recorded a nominal increase of Rs 24 million and climbed to Rs 21.34 billion from Rs 21.32 billion reported a session earlier.
Again among the 30 eligible scrips Hubco witnessed the highest increase in absolute terms.
The total investment in Hubco increased by Rs 154 million to Rs 1.68 billion from Rs 1.53 billion reported last weekend.
Other scrips that followed the same trend included SEMF that inched up by Rs 107 million to Rs 631 million, NML by Rs 103 million to Rs 440 million, POL by Rs 84 million to Rs 2.83 billion and ICI by Rs 75 million to Rs 468 million.
The effective weighted average CoCs on annualised basis over the weekend stood at 11.06 percent against 11.35 percent recorded last Friday recording a marginal decrease of 29 basis points.
The carryover charges in some first tier scrips even declined to single digit as in case of PSO at 7.03 percent, POL 7.73 percent, DGKC 7.92 percent, NBP 8.00 percent and ENGRO 7.36 percent.
On the other hand scrip that witnessed higher CoCs includes Japan Power at 18.08 percent, KESC at 17.22, TRG at 17.47 percent, FCCL at 17.64 percent, Bosicor at 17.62 percent, Fauji Bin Qasim at 17.76 percent and SEPCO at 17.37 percent.
Comments
Comments are closed.