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31 October 2004
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Sunday
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16 Ramazan 1425
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Badla rates fall to 11.6pc
By Our Staff Reporter
KARACHI, Oct 30: Carry over rates on the Karachi Stock Exchange last week fell from the previous week's highs to 11.6pc from 14.1pc due to a technical correction in the equity values.
Barrying PSO, carryover rates of all the leading shares including PTCL, OGDC and PPL remained in a double digit despite falling demand for fresh finances, analysts said.
The carryover rates in the coming weeks are expected to remain in a single digit as money supply position may remain comfortable. But this perception is based on the behaviour of the KSE 100-share index sans big rise, some others predicted.
"Carry over rates mostly follow the stock market trend and demand for fresh funds in a rising market did fall after the KSE 100-share index shed 126 points on selling", they said.
Weighted average carryover rate on the Lahore Stock Exchange also suffered a fall of 420 basis points at 11.1pc on weekend to weekend basis, dealers said.
Investment on the carryover market remained low at Rs25.5bn most of the week days barring at the fag-end of the week, when it soared by 4.7pc or Rs1.3 billion.
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