November 11, 2007	Sunday	Shawwal 29, 1428

KARACHI, Nov 10: After having fallen to six-week low to Rs49.5 billion owing to early stock market crash, CFS investment recovered later as demand for funds rose after mid-week, analyst Khurram Shehzad said.

He said at the close of the week the figure rose to Rs52 billion showing an increase of 3.4 per cent over the previous week’s Rs50.3 billion.

The CFS rates also rose to 11.6 per cent from the previous week’s 10.86 per cent as owing to heavy investment in Pakistan Petroleum, OGDC, National Bank and some others.

But on the other hand open interest in November settlement was a bit lower at Rs10.43 billion as compared to Rs10.99 billion a week earlier. Future spreads on the other hand settled sharply higher at 4.56 per cent as compared to previous 1.21 per cent, indicating fresh positions taken by some of the investors.