Investment under Continuous Funding System (CFS) at Karachi share market increased slightly by Rs 0.14 billion, or 0.27 percent to Rs 54.53 billion, on week-on-week basis. However, the CFS rate declined by 20 bps on weekly basis to close at 11.90 percent as compared to 12.10 percent registered during previous week.
The top 5 scrips, by CFS investment, were NBP, POL, PPL, AHSL and OGDC, Saad Arshad, an analyst at Invest Capital & Securities, said.
Open interest at the futures counter for April closed at Rs 16.35 billion--a week-on-week increase of 27 percent. Futures spread remained positive, closing at 9.27 percent (222bps on WoW basis). The top 5 companies in open futures were JSCL, MCB, ENGRO, BoP and AKBL, which accounted for 38 percent of total outstanding open interest.
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