Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Trading activities at the futures counter remained very low, as the average daily volumes declined by 47 percent on week-on-week basis to 3.1 million shares. The top-5 scrips at the futures counter holding 67 percent of the total open interest were ENGRO, FFC, POL, NBP and PSO.