The investment under the continuous funding system (CFS) at the local share market remained range-bound during the first week of new fiscal year and finally, settled at Rs 54.58 billion on July 6, as compared to Rs 54.52 billion recorded on the same day a week earlier (June 29).
The CFS rates declined marginally and reached 12 percent on July 6, as compared to 12.9 percent recorded on June 29. The PPL, OGDC, NBP, POL, and Lucky Cement contributed 46 percent (Rs 25.23 billion) to the investment.
Open interest in the July counter fell due to the expiration of June contract and settled at Rs 10.35 billion on July 6 against Rs 15.51 billion on the same day a week earlier, an analyst said.
The average trading volume declined by 37.1 percent and stood at 56 million shares during the outgoing week as compared to 89 million shares traded during a week earlier, the analyst said, adding the decline in spread can be attributed to lower spread in MCB, PTC, and NML. The OGDC, NBP, POL, BAFL, and PPL were the top five scrips by value and contributed 49 percent to the total open interest.
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