KSE: open interest lowers, at Rs 257.4 million

The open interest of the future deals remained Rs 257.4 million in the Karachi Stock Market during the last business week. The open interest of Septembers deliverable futures received a prominent decline of 26 percent. The spread of the futures contracts witnessed a decrease of 5.8 basis points. The average business volume of future deals reached at 1.297 million shares with a decrease of 17 percent. The contracts of OGDCL, PPL, Pakistan Oil Fields, MCB Bank and PSO remained volume leaders. The share of these companies in open interest remained 71 percent.