KSE: Rise in open interest future contracts

Open interest rate in the future contracts in Karachi Stock Exchange has been increased by 333% and stands at Rs2.20million.During the last week, the deliverable future contracts witnessed an increase of Rs1.70million. Future contract spread declined by 109 basis points to 1.10% . Average future trade volume increased by 211% to Rs690million. Volume leaders were NBP, AICL, MCB, POL and PPL, these companies have a weightage of 69% in the open interest.