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KARACHI, Oct 25: The CFS rates on the Karachi Stock Exchange last week posted a fresh rise of 62 basis points at 60.05 per cent as pressure on money supply did not ease owing to various factors including banks reluctance to resume normal lending, analysts said.
But on the other hand the CFS MK-2 investment posted a decline of 3.4 per cent or to Rs11.6 billion as investors awaited the removal of the cap on the KSE 100-share index from Monday, which could enable the market to resume normal activity.
The top five scrips that shared the total investment were J.S. & Co, OGDC, National Bank, Arif Habib Securities and Pakistan Oilfields.
