KARACHI, March 10: The share business financing under the CFS last week on the Karachi Stock Exchange fell from the previous inflated level of Rs50 billion to Rs47.9 billion after having fluctuated between Rs45 to Rs48 billion.

“The elimination of Client Level Netting(CLN), which was feared to cause shortage of liquidity seems to have no relevance to the ground situation as was reflected by a decline in the total figure,” a leading analyst Khurram Shehzad said.

Owing to mid-week strong recovery in the share values on selected counters, the demand for more funds was witnessed, which in turn pushed the CFS rates fractionally higher at 12.61 per cent as compared to previous 12.49 per cent, he added.

Open interest rates in the March future contracts also showed an increase of 16.2 per cent at Rs10.79 billion as compared to Rs9.28 billion a week earlier, according to another analyst, Ali Khizar.

But on the other hand ready-future spreads remained on the lower side at 6.63 per cent owing to late recovery staged by the share market.