Open interest of future deals shrinks to Rs 120.30 million

The open interest of future deals shrank to Rs 120.30 million in the Karachi Stock Exchange during the last business week, Dunya News Sunday reported. Last week, spread of deliverable futures for November ended on 11percent decrease while spread of future deals increased to 2percent. The average business volume of future deals closed on 220.60 million shares with a decrease of 11 percent. OGDC, Pakistan Petroleum Limited, Pakistan Oil Filters, MCB Bank and Angro remained prominent as per the business volume. The collective share of these companies in open interest remained 75 percent.