KSE: open interest up, at Rs 670 million

The open interest of the future deals remained Rs 670 million in the Karachi Stock Market during the last business week. The open interest of Octobers deliverable futures received a prominent increase of 83 percent. The spread of the futures contracts witnessed a decrease of 1.62 percent. The average business volume of future deals reached at 1.9 million shares with an increase of 57 percent. The contracts of OGDCL, PPL, Pakistan Oil Fields, MCB Bank and PSO remained volume leaders. The share of these companies in open interest remained 27 percent.