The carry over charges (CoCs) or badla rates during the last working session of the share market depicted small decline where prices most of the week remained range-bound.
The business activities in the carryover market remained range-bound during the week. The weighted average carryover charges throughout the week remained in a single digit territory and oscillated in the narrow band around 9.0 percent. On the lower side, it touched 8.92 percent while on the higher side, it went as high as 9.68 percent.
According to a report prepared by Arif Habib Securities, the average CoCs on the last day of the week stood at 8.92 percent against 9.19 percent on the previous Friday depicting a decline of 27 basis points.
In line with CoCs, the total carryover transactions (CoTs) on Friday stood at 494 million shares. During the week it went as low as 482 million shares on Wednesday 5 May and on higher side it touched 499 million shares on the first trading day of the week (Monday).
However, the carryover values (CoVs) on Friday remained at the overnight level recording only a nominal reduction of Rs 121 million to Rs 24.27 billion as compared to Rs 24.39 billion reported a session earlier.
The average CoVs ended the week at 24.14 billion that is only Rs 182 million lower than last week average of Rs 24.32 billion.
In Lahore, the carryover transactions over the weekend stood at 84.46 million shares. The effective CoCs on annualised basis on Friday were recorded at 16.21 percent with a business of Rs 3.62 billion.
Hence the total carryover values at both the bourses over the weekend stood at Rs 27.89 billion.
The weighted average CoCs on annualised basis throughout the week remained in a single digit territory and hovered in the narrow band of 8-9 per cent.
On day-to-day basis, the average CoCs fall by only 6 basis points from 8.98 percent to 8.92 per cent on Friday.
The average CoCs in nearly all the first tier scrips remained in the single digit and in some scrips it went to as low as 6-7 per cent with PTC, PSO and POL at 6 per cent, 7.36 per cent and 7.19 per cent respectively.
Significant decline was observed in the CoTs of Hubco. The power giant that was in lime light on reports of technical fault at one of its generator compounded with the news of selling of about 4.1 percent equity stake by the parent company witnessed a decrease of nearly 2.27 million shares to 47.22 million shares from 49.49 million shares reported just a session earlier.
Other major scrips that followed Hubco are PTC, FFCL and NBP that declined by 2.25 million shares to 45.59 million shares, 1.56 million shares to 46.45 million shares and 1.18 million shares to 19.99 million shares respectively.
The notable reduction was observed in the business of telecom giant PTCL. The total business in the PTCL declined by over Rs 113.70 million to Rs 2.03 billion from Rs 2.14 billion reported on Thursday.
Other major scrips that followed this trend include NBP, Hubco and PSO. The business in these scrips reduced by Rs 91.97 million to Rs 1.41 billion, Rs 91.49 million to Rs 1.64 billion and Rs 79.97 million to Rs 2.55 billion respectively. Pakistan Oilfields recorded a notable increase in the business, climbing by Rs 244.68 million to Rs 2.39 billion.
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