2.2 Percent Rise In Investment Under CFS Mk-II
Monday, September 8, 2008 at 8:45 am
KARACHI:Investment under CFS Mk-II on Karachi share market during week ended on Sep 6, 2008 increased by 2.2 percent to close at Rs 22.5 billion on Friday as compared to Rs 21.99 billion of previous week. The CFS rates went up 125 bps to close at 18.18 percent, depicting a higher risk perception in the market, Romessa Mirza, an analyst at Invest Capital Securities said.
The top 5 scrips, by CFS investment, were AHSL, JSCL, OGDC, NBP and BAFL, which cumulatively accounted for 35 percent of total CFS investment. Open interest at the futures counter stood at Rs 2.90 billion, an increase of 14.67 percent, or Rs 0.37 billion. Top 5 scrips, by futures investment, were JSCL, Engro, ANL, AHSL and ATRL, cumulatively contributing 29 percent of total futures investment.
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