Futures open interest declined by 12.9 percent

Total open interest position at the futures counter declined by 12.9 percent, on week-on-week basis, to Rs 1,337 million. On the other hand, the futures spreads went down by 806bps on week-on-week basis to 11.1 percent.
Trading activities at the futures counter also remained low as the average daily volumes declined by 0.4 percent to 3.78 million shares. The top-5 scrips at the futures counter constituting 65 percent of the total open interest were LUCK, POL, NBP, ENGRO and DGKC.