December 03, 2006	Sunday	Ziqa'ad 11, 1427

KARACHI, Dec 2: The CFS investment on the Karachi Stock Exchange showed modest decline at Rs34.95 billion from the previous week’s Rs35.8 billion as demand for funds was said to be on the lower side owing to a falling market.

But Callmate Telips remained in the limelight ahead of the announcement of final cash dividend and bonus shares at the rate of 20 and 30 per cent, respectively, says analyst Ali Hussain, adding that it joined the selected rank of “top-five actives” in terms of volume on strong speculative buying.

Bulk of the CFS investment was confined to National Bank at Rs6 billion, while OGDC was leading among the highest CFS volume, he said.

As a result, CFS rate also suffered a fall at 15.5 per cent as compared to last week’s 16.8 per cent amid falling demand for fresh from the investors.

Analysts said owing to a sharp fall in the index and in turnover figure, the activity on the futures market was relatively slow but open interest and spreads showed an upward trend under the lead of OGDC, MCB and Pakistan Petroleum at Rs1,326, 958m and 949m, respectively.