Investment under ''''Continuous Funding System'''' (CFS) at Karachi share market increased by 0.19 percent to Rs 53.70 billion on Friday, July 27 from Rs 53.58 billion of previous Friday, July 20.
The CFS rate declined by 12 bps and closed at 11.27 percent from 11.4 percent. "Overall, the said financing amounts and rates largely did not show any significant change because of low to moderate market activity during the week," an analyst said. The top five scrips contributing around 46 percent of total CFS investment were OGDC, NBP, PPL, POL and PSO.
The outgoing week was the rollover week of July futures contracts. At the start of the week, Rs 10.6 billion open interest was outstanding in July contracts. Out of which, 58 percent, or Rs 6.2 billion, position rolled over to August futures.
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