KSE: Rise in open interest future contracts

Open interest rate in the future contracts in Karachi Stock Exchange has been increased by 171% and stands at Rs51.80million.During the last week, the deliverable future contracts witnessed an increase of Rs32.70million. Future contract spread rose by -841 basis points and the average future trade volume increased by 11.7. Volume leaders were NBP, AICL, MCB, POL and PPL, these companies have a weightage of 83% in the open interest.