Investment under continuous funding system (CFS) at Karachi share market last week ended on April 26, 2008 increased by Rs 142.67 million, or 26bps, to Rs 54.64 billion from Rs 54.497 billion. On the other hand, the CFS rate significantly rose by 181bps, closing the week at 13.52 percent against 11.70 percent of previous week.
The top 5 scrips, by CFS investment, were POL, NBP, PPL, AHSL and Engro, which cumulatively accounted for 49 percent of the total CFS investment, Saad Arshad Raja, an analyst at Invest Capital & Securities, said.
The futures open interest amount grew by a healthy 21 percent or Rs 6.14 billion, from Rs 29.27 billion to Rs 35.4 billion as the contracts for May delivery were also traded along with the April contracts. A highly significant increase of 213bps was seen in the futures spread which rose to 8.73 percent from 6.60 percent. Moreover, average futures trading volumes increased to 105.66 million shares from 64.52 million shares the previous week due to rollover.
The top-5 companies, by investment, in open futures were JSCL, MCB, Engro, BoP and DGKC, which cumulatively accounted for 22 percent of the total outstanding open interest.
Comments
Comments are closed.