KARACHI, Aug 16: CFS rates on the Karachi Stock Exchange posted a fresh modest rise of 30 basis points last week largely in sympathy with the weekly average increase in six-month Kibor rates, analyst Romessa Mirza said.

The CFS rates were finally quoted at 15.49 per cent, showing an increase of 30 basis points, while CFS MK-II rose only by eight basis points at 13.96 per cent, maintaining a steady trend over the week.

After several lean weeks, CFS investment also posted a modest rise of 3.18 per cent or Rs0.77 billion at Rs24.9 billion, bulk of which was contributed by CFS and only Rs0.74 billion by the MK-II.

Well over 35 per cent of the total amount was shared by the top fives, notably Arif Habib Securities, National Bank, JS & Co, Pakistan Oilfields and OGDC.

Open interest on the cleared list in the ruling August settlements rose by 13.9 per cent or Rs0.72 billion at Rs5.88 billion, reflecting the late recovery in the share market but future spreads on the other hand showed a sharp rise of 256 basis points, and closed at 2.59 per cent.