Total CFS investment at the Karachi share market increased by 13.51 percent on week-on-week basis to settle at Rs 1.81 billion on Friday as compared to Rs 1.60 billion on the same day a week earlier. "The moderation of the circular debt crisis along with the receivable of the second tranche from the IMF strengthened investors confidence in Pakistans ability to survive the economic crisis", analysts said.
A similar trend was witnessed by the CFS rate, which increased by 94 bps on weekly basis to 18.79 percent due to increase in demand for financing. Top-5 scrips by CFS investment were OGDC, NBP, Engro, MCB and POL, cumulatively accounting for 55 percent of the total CFS investment during the week.