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KARACHI, May 10: CFS investment and rate on the Karachi stock exchange last week fell from the recent higher levels as leverage investors kept to the sidelines in a falling market and did not opt for fresh financing.
While the investment figure fell by 3.6 per cent to Rs52.5 billion, the CFS rate was quoted lower by 49 basis points at 11.56 per cent, analyst Ayub Ansari of Invest Cap said.But on the other hand open interest on the futures counter in the ruling May settlements rose by 258 basis points at Rs24.9 billion, while future spreads posted a nominal fall of two basis points at 9.48 per cent.
