CFS investment showed a marginal increase on weekly basis of 0.02 percent to current closing of Rs 43.9 billion. The slight increase in investments was accompanied by drop in financing rates. The rates slipped by 15 basis points (bps) from 12.18 percent on March 22 to 12.03 percent on March 30.
Mohammad Ali, an analyst at Invest Capital & Securities, said that it was mainly the oil & gas scrips that dominated the CFS investment amongst the top five ranking companies, with only exception of two banking scrips in the top slot. The list of top five companies consisted of OGDC, PPL, POL, NBP and BoP.
The future spreads portrayed a rising trend by showing a significant increase of 351bps (from 2.75 percent to 6.26 percent), while the future volumes lowered by around 9 percent (from 35 million to around 32 million). The open interest declined by 7 percent (from Rs 10.9 billion to Rs 10.1 billion). OGDC-APR led the future's market with the value of open interest higher than Rs 1.1 billion.