Open interest of future deals shrinks to Rs 51 mn

The open interest of future deals shrank to Rs 51 million, down 47 percent in the Karachi Stock Exchange during the last business week, Dunya News Sunday reported. Last week, spread of deliverable futures for December decreased by Rs 45 million while spread of future deals lowered to 1.19 percent with a decrease of 2.3 percent. Average business volume of future deals lowered by 5 percent to 1.3 million shares. Nishat Mills, OGDC, MCB, PSO and Engro remained volume leaders. The collective share of these companies in open interest remained 74 percent.