Futures open interest up by six percent

Total open interest at the futures counter increased by 6 percent on week-on-week basis to Rs 1.71 billion. The futures spreads, however, declined by 211bps on week-on-week basis to 4.09 percent. Trading at the futures counter remained low as the average daily volume declined by 13 percent on week-on-week basis to 6.34 million shares.
The top 5 scrips at the futures counter making up 76 percent of the total open interest were POL, Engro, PSO, MCB and NBP.