Open interest at futures counter up by 19 percent

The open interest at the futures counter increased by 19 percent (Rs 63.7 million) to Rs 398 million during the week ended on September 12, 2009. The future spreads witnessed a significant fall of 0.34 percent to close at a negative 2.59 percent.
Average daily volumes at future counter declined by 24 percent to 1.55 million shares. The top 5 scrips by futures investment were OGDC, PPL, Engro, DGKC and Luck, cumulatively contributing 64 percent of the total futures investment.