Investment under Continuous Funding System (CFS) at Karachi share market declined by 2 percent on week-on-week basis to stand at Rs 48.1 billion on Friday as compared to Rs 49.0 billion on the same day a week earlier.
The CFS rate declined by 36 bps on weekly basis to settle at 10.87 percent on the end of the week against 11.2 percent on the end of previous week.
The top five scrips in terms of CFS investment were NBP, PPL, OGDC, POL and AHSL whose share aggregated to 44 percent of the total CFS investment during the week.
Futures open interest increased to Rs 9.3 billion on January 11 as compared to Rs 8.3 billion on January 04, showing the market expectation of higher prices in wake of market stability. Futures spread rose by 400bps on week-on-week basis to close at 11.05 percent on Friday. Average trading volumes showed a decline of 6 percent on weekly basis to average around 40 million shares. The top five companies including PPL, NBP, POL, OGDC and MCB in terms of investment contributed around 56 percent to the total open interest.