Futures open interest down by 26 percent

28 Sep, 2009

The open interest at the futures counter declined by 26 percent during the week ending on Sep 26, 2009 to Rs 257.4 million. The future spreads decreased by a significant 5.8pps on weekly basis to 1.24 percent as compared to 7.11 percent of previous week. The average daily future volumes decreased by 17.7 percent to 1.297 million shares.
The top 5 scrips by futures investment were OGDC, PSO, MCB, POL and PPL, cumulatively contributing 71 percent to the total futures investment during the week.

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