August 06, 2006	Sunday	Rajab 10, 1427

KARACHI, Aug 5: After remaining static for the last couple of week, CFS rates on the Karachi Stock Exchange showed a modest rise at 15.7 per cent as compared to 14.4 per cent.

Analysts at a leading research house said owing to demand for more funds in a rising share market, the week’s highest was touched at 18 per cent and then progressively fell to the weekend closing.

But on the other hand investment under the CFS remained capped around the upper limit of Rs24.5 billion throughout the week, as investors were not inclined to miss the rising share market, they added.

The open interest in futures did not pick up and was far below the average weekly figure between Rs13 billion and Rs16 billion. It showed a modest rise of Rs1.90 billion at Rs8.4 billion as compared to Rs6.5 billion a week earlier.

The weighted average future spreads remained pegged at the previous level of about 10.5 per cent, as a ban on short selling on the forward counter continues to curtail the physical activity.