Investment under CFS at the Karachi share market last week increased by Rs 102 million, or 19 bps, and remained near its upper cap at Rs 54.4 billion. "The upward movement indicates increased investor willingness to undertake fresh leveraged positions", an analyst said.
The CFS rate also increased by 57 bps on weekly basis to close at 11.74 percent. The top 5 scrips by CFS investment were NBP, PPL, AHSL, POL and OGDC with a cumulative share of 44 percent of the total CFS investment during the week.
Total open interest at the futures counter settled at Rs 10.2 billion, a week-on-week increase of 21 percent. Futures spread during the week depicted a rising trend to end the week at 6.9 percent. The top-5 companies in open futures were namely PPL, NBP, POL, MCB and BoP, cumulatively contributing 61 percent to the outstanding open interest.