08 August 2004	Sunday	21 Jamadi-us-Saani 1425

KARACHI, Aug 7: The weighted average badla rates on the Karachi Stock Exchange last week posted a modest rise of 30 basis points at 8.5 per cent as compared to 8.2 per cent a week earlier, reflecting increasing demand for funds.

But on the other hand carryover rates on the Lahore Stock Exchange suffered a fall of 180 basis points, touching the recent low level of 11.1 per cent, analysts at a leading research house say.

In market parlance, higher carryover market and an increase in volume reflects investor perceptions about the future price outlook and capital gains followed by their active participation in daily dealings, they added.

According to figures compiled by them combined investment of both the KSE and the LSE rose by Rs1.2bn totalling Rs30.5bn.

Average carryover rates of leading shares at the weekend were 7.5, 7.2, 9.2, 7.9 and 7.7 per cent for PSO, OGDC, D.G.Khan Cement, National Bank and Pakistan Oilfields respectively.