KARACHI, May 19: The CFS investment on the Karachi Stock Exchange last week showed an increase of two per cent as the demand for funds in a rising market was said to be on the higher side as compared to a week earlier.
After having fallen below the ceiling of Rs55 in the two sessions it again rose to Rs54.6 billion at the weekend from the previous Rs53.6 billion, analyst Farhan Aziz Khan said.
But on the other hand average CFS rate remained stable around 11.7 per cent, reflecting that money supply was not that expensive and easily available.
On the forward counter the open interest in May future contracts was on the lower side of the weekly average and fell by 4.8 per cent to Rs8.6 billion.
