Futures spread up by 244 basis points

The futures spread increased by 244bps to 16.59 percent on the last day of the outgoing week. Trading activities on the futures counter remained very thin as average daily volumes decreased by 60.4 percent to 62.80 million shares as compared to previous week's average of 158.74 million shares. Average daily trading value on the futures counter declined by 56.5percent during this week and stood at Rs 2.58 billion.