KARACHI, April 21: The CFS investment on the Karachi Stock Exchange last week swelled to Rs54.3 billion, close to the cap of Rs55bn, as demand for funds showed sharp increase following strong mid-week rally on stock market.

Analysts said ceiling figure could not be touched owing to profit-selling in some of leading shares at the fag-end of the week followed by SECP refusal to raise the financing limit as requested by the KSE high-ups.

CFS average rate on the other hand posted a fractional rise of 10 basis points at 11.84 per cent as compared to 11.74 per cent the previous week as the market failed to sustain the early run-up, he added.

The open interest in future contracts averaged between Rs7 to Rs8bn throughout the previous week, despite the fact and outstanding amount of Rs9.5bn is expected to be rolled over from the matured April contracts to the newcomer May settlements.