KARACHI, May 31: The badla rates both at the Karachi and Lahore Stock Exchanges showed a modest decline of 1.4 per cent despite rising equity prices last week, allaying fears of any major systematic financial risk.

According to some analysts the weighted average rates fell to 8.1 per cent from the previous week’s 9.5 per cent on the KSE and at 11.5 per cent from the week’s high of 11.9 per cent at the LSE.

“As was speculated that badla rates will fall into the double digit during the current week followed by a bullish market for the 5th consecutive week owing to some technical reasons”, they said.

However, investment in the carryover market showed an increase because of rising stock prices at Rs9.96bn where a total of 269m shares were financed. In Lahore, settlement of 50m shares was carried over to the next week, with investment totalling Rs1.47bn, according to market sources.