Investment from CFS at Karachi share market declined by Rs 26 million, or 25 percent, to Rs 78 million on Friday. "With phase-out of the CFS Mk-II since April 8, 2009, the investment level has been falling by every day as investments made earlier are being released", Muniba Saeed, an analyst at Invest Capital and Securities said.
The CFS rate, however, increased to 31 percent towards weekend amid declining CFS amount as investors' demand for financing evaporated. The top 5 scrips by CFS investment were Engro, Lucky, POL, NBP and MCB contributing 92 percent of the total investment.
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