The investment under the continuous funding system (CFS) at the Karachi share market remained range-bound during the outgoing week and closed on Rs 54.43 billion on Friday (June 15) marginally above Rs 54.36 billion previously (June 8) depicting an increase of 0.1 percent.
The CFS rates stayed at 11.66 percent on Friday, increased from 11.61 percent on the same day a week earlier. Of the total CFS investment, about 50 percent (Rs 27 billion) is concentrated in five stocks namely PPL, OGDC, NBP, POL and DGKC.
Analysts say that a gradual increase in the total open interest was witnessed in the June counter, which settled at Rs 11.68 billion on Friday as compared to Rs 11.15 billion on the same day previous week futures spread settled higher at 4.91 percent on June 15 as compared to 1.41 percent on June 8.
Volatility in spreads continued during the week indicating insecurity; the spreads touched 5.04 percent on June 13 and 1.6 percent the next day. OGDC, NBP, POL, DGKC and MCB remained the top five scrips by value and contributed around 54 percent to the total open interest.
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