Futures open interest up nine percent

Total open interest position during the week ended on December 4, 2011 increased by Rs 88 million or 9 percent on week-on-week basis to Rs 1.1 billion. The future spreads, on the other hand, also increased by 52bps on week-on-week basis to 12.84 percent. However, trading at the futures counter remained low and the average daily volume declined to 4.1 million shares, or 1.2 percent, on week-on-week basis.
The top 5 scrips at the futures counter, holding 63 percent of the total open interest, were FFC, Engro, POL, NBP and FFBL.