KARACHI, Sept 17: Total investment under the Continuous Funding System (CFS) on the Karachi Stock Exchange throughout the previous week stood unchanged at the cap level of Rs25 billion, demonstrating that the financing limit of Rs25 billion is small keeping in view the increasing demand.
Analysts said that an idea of more funding may well be had from the fact that the CFS worth about Rs2 billion was billed as outstanding bids.
However, CFS rates at the KSE showed a modest rise at 16.5 per cent from the previous 16.2 per cent a week earlier. They touched the week’s highest at 16.8 per cent briefly.
But on the other hand, both the CFS rates and investment on the Lahore Stock Exchange showed a sharp rise at 21.5 per cent from the previous 18.00 per cent and investment rose by Rs0.12 billion to Rs2.43 billion from the previous week’s Rs2.31 billion.
The open interest in the future contracts rose Rs10.02 billion from the previous Rs8.9 billion and as result average future spreads increased to 11.63 per cent from 7.78 per cent a week earlier, showing an increase of 385 basis points.
