AIRLINK 194.83 Decreased By ▼ -3.14 (-1.59%)
BOP 9.81 Decreased By ▼ -0.23 (-2.29%)
CNERGY 7.36 Increased By ▲ 0.07 (0.96%)
FCCL 38.58 Increased By ▲ 2.58 (7.17%)
FFL 16.45 Decreased By ▼ -0.46 (-2.72%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 131.75 Decreased By ▼ -2.28 (-1.7%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.66 Decreased By ▼ -0.12 (-2.51%)
KOSM 6.66 Decreased By ▼ -0.28 (-4.03%)
MLCF 45.39 Increased By ▲ 0.41 (0.91%)
OGDC 213.99 Decreased By ▼ -4.24 (-1.94%)
PACE 6.86 Decreased By ▼ -0.08 (-1.15%)
PAEL 40.06 Decreased By ▼ -1.36 (-3.28%)
PIAHCLA 16.79 Decreased By ▼ -0.07 (-0.42%)
PIBTL 8.32 Decreased By ▼ -0.14 (-1.65%)
POWER 9.43 Increased By ▲ 0.04 (0.43%)
PPL 182.19 Decreased By ▼ -3.74 (-2.01%)
PRL 41.83 Increased By ▲ 0.56 (1.36%)
PTC 24.56 Decreased By ▼ -0.21 (-0.85%)
SEARL 102.53 Decreased By ▼ -2.12 (-2.03%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.44 Decreased By ▼ -1.47 (-3.59%)
SYM 17.33 Decreased By ▼ -0.72 (-3.99%)
TELE 8.76 Decreased By ▼ -0.15 (-1.68%)
TPLP 12.75 Decreased By ▼ -0.09 (-0.7%)
TRG 65.40 Decreased By ▼ -1.20 (-1.8%)
WAVESAPP 11.11 Decreased By ▼ -0.19 (-1.68%)
WTL 1.70 Decreased By ▼ -0.08 (-4.49%)
YOUW 3.94 Decreased By ▼ -0.06 (-1.5%)
BR100 11,988 Decreased By -121.3 (-1%)
BR30 36,198 Decreased By -400.2 (-1.09%)
KSE100 113,443 Decreased By -1598.8 (-1.39%)
KSE30 35,635 Decreased By -564.3 (-1.56%)

The leverage position at the Karachi Stock Exchange (KSE) was at comfortable side compared with a couple of years' average, despite the fact that the index has reached an all-time high level.
During last week, the derivatives market was in the limelight as two major CFS scrips--D G Khan Cement and National Bank of Pakistan--were traded at spot, before their book closures. Therefore, small investors leveraged themselves through futures counter. The rate of return at futures counter was 16.7 percent, 292 basis points down from previous week.
Average daily volume at future counter was 131 million shares (Rs 27 billion or $455 million) as compared to 103 million shares (Rs 18.9 billion or $317 million) of previous Friday.
At KSE, CFS investment stood at Rs 25.4 billion at the end of the week, compared to Rs 23.9 billion of previous Friday, while financing rates remained at a level close to cap, that is 17.9 percent.
According to a report by Jahangir Siddiqui Capital Market, this made the total leverage position( of Rs 45.2 billion) 1.3 percent of the market capitalisation, or 6.6 percent of free float. "This ratio is still on comfortable side, if we compare it with last two years' average, which is two percent of market capitalisation and 10 percent of free float.
At LSE, Badla investment stood at Rs 0.74 billion at the weekend, up by 16 percent, whereas the badla rate remained flat at 15.7 percent.

Copyright Business Recorder, 2006

Comments

Comments are closed.