Futures open interest up by 6.4 percent

Total open interest position at the futures counter increased by 6.4 percent on week-on-week basis to Rs 1.02 billion. The futures spreads, on the other hand, declined by 170bps on week-on-week basis to stand at 4.56 percent.
Trading activities at the futures counter improved as the average daily volumes increased by 27 percent on week-on-week basis to 3.1 million shares.
The top 5 scrips at the futures counter, constituting 74 percent of total open interest were POL, Engro, LUCK, FFC and FFBL.