KARACHI, Nov 8: The CFS rates on the Karachi Stock market last week showed a sharp increase of 10.5 per cent at 66.37 per cent owing to pressure on money supply.

Analysts said lenders had raised the rates because of risks involved partly because of the prevailing sluggishness on the stock market and partly to loud whispering about the default by some of the members.

As a result, CFS MK-2 investment suffered a fresh fall of Rs79 million at Rs11.5 billion, which compares unfavourably with the normal lending figure of Rs57 billion recorded in November last year.

Trading on the futures counter remained at a standstill for the fourth week in a row as investors were not inclined to take risks fearing further price erosions after normal trading resumes.