Futures open interest up by 4.8 percent

The total market open interest position at the futures counter during the week increased by Rs 111 million, up 4.8 percent on week-on-week basis to stand at Rs 2.42 billion. The futures spreads, on the other hand, declined by 21bps on week-on-week basis to 7.45 percent owing to rise in regular market. Trading activities at the future counter improved as the average daily volumes increased by 15.70 percent on week-on-week basis to 14.7 million shares. The top-five scrips at the futures counter holding 65 percent of the total open interest were ENGRO, NBP, FFC, DGKC and POL.