KARACHI, April 29: The CFS rates on the Karachi Stock Exchange last week showed a modest fall at 17.4 per cent from its upper limit of 18.00 per cent as demand for funds remained on the lower side amid falling daily volumes.

Investment under CFS stayed around its cap at Rs24.5 billion throughout the week despite the fact that there were either-way swings in share values and investors held on to their positions rather than unloading their positions at the falling prices, analysts said.

“The open interest in the ruling April settlements fell sharply to Rs9.33 billion as compared to previous Rs18.6 billion, reflecting higher rolling over of positions to the newcomer May contracts,” they added.

Share financing under CFS on the Lahore Stock Exchange was around the previous level of Rs2.02 billion, while rates remained stable at 16.2 per cent.