Open interest at KSE lowers by 42 percent

Open interest on futures trade in the Karachi Stock Exchange has reached at Rs 131 million, lowered by 42 percent.Last week, open interest of deliverable futures of December was decreased by Rs 97.1 million. Spread of futures trade lowered to 1.32 percent, down 515 basis points. Average business volume of futures trade remained 2.7 million shares with a decrease of 46 percent. National Bank of Pakistan (NBP), OGDC, MCB, POL and Engro remained volume leaders with collective share of 79 percent in the open interest.