11 April 2004	Sunday	20 Safar 1425

KARACHI, April 10: Carryover rates after having fluctuated either-way during the last week depending on the size of liquidity finally again settled in the double digit.

The highest and the lowest figures over the week touched 14.8 per cent and 12.8 per cent, respectively, in line with the rates of return and inflow of heavy cash amounts, says a leading stock analyst.

Weighted average carryover rates (badla rates) on the Lahore Stock Exchange on the other hand remained on the higher side, showing an increase of 6.5 per cent at 19.9 per cent as compared to previous 13.4 per cent, the analyst added.

"Owing to prevailing bull-run on the bourses, badla rates are expected to remain on the higher side and only a technical correction could push them lower."

The investment in the badla business also showed an increase of Rs1.3bn at Rs26.2bn, but it touched the record figure of Rs27.5bn on Thursday. A sustained run-up in share prices is cited chief reason behind the surge.

The following are rates of some leading shares at the last weekend, the lowest and the highest being at 6.37 per cent for PTCL and 14.24 per cent for Pakistan Oilfields, National Bank 12.16 per cent, Hubco 11.34 per cent and PSO 9.95 per cent.