KSE: Open Interest in future contracts show a rise

Karachi Stock Exchange, open interest in the future contracts have increased by 187% and stands at Rs 378 million.During the week, January deliverable future contracts witnessed an increase of Rs 246 million. Future contract spread decreased by 438 basis points and stands at 5.7%. Average future trading volume was 2.3 million shares which showed a decline of 14% . Volume leaders were NBP, AICL, MCB, POL and PPL, these companies have a weightage of 85% in the open interest.