The total CFS investment (CFS+CFS Mk-II) on the Karachi share market increased by 3.18 percent (Rs 0.77 billion) on week-on-week basis to Rs 24.9 billion on Friday. Out of the total amount, the CFS investment declined by 74.06 percent to Rs 0.37 billion while the CFS Mk-II investment rose by 8.06 percent to 24.56 billion.
The CFS rates increased by 30bps to 15.49 percent, while CFS Mk-II rates rose by 8bps to close at 13.96 percent. "This stability could be attributed to the meager increase of 5bps in weekly average 6m-Kibor rates", said Romessa Mirza, an analyst at Invest Capital & Securities.
Top-5 scrips by CFS Mk-II investment were AHSL, NBP, JSCL, POL and OGDC, with a cumulative share of 35 percent of the total CFS Mk-II investment. Open interest in the futures counter stood at Rs 5.88 billion, a weekly increase of 13.9 percent or Rs 0.72 billion, after a sentiment became slightly positive as future spreads rose by 256bps to close at 2.59 percent on August 15, 2008. The top-5 scrips by futures investment were JSCL, Engro, ANL, AHSL and ATRL, cumulatively contributing 39 percent of the total futures investment.