November 26, 2006	Sunday	Ziqa'ad 4, 1427

KARACHI, Nov 25: The investment under CFS on the Karachi Stock Exchange showed fresh increase at Rs35.8 billion as compared to Rs32 billion last week as demand for funds remained on the higher side in a bullish market.

Bulk of the increase in investment was noted in leading oil and bank shares amid a sustained price flare-up, said analysts at a leading brokerage house, adding that OGDC, Pakistan Petroleum, Pakistan Oilfields, National Bank and Muslim Commercial Bank were leading among them.

But on the other hand CFS rates posted a modest rise at 16.8 per cent from the previous week’s 15.8 per cent, they said.

The open interest in December future contracts rose to Rs7.12 billion, sharply higher from Rs4.90bn in November settlements.

According to them spread in future contracts, which stood at 9.37 per cent is expected to show fresh increase after the settlement of September deliveries.