Open interest of future deals shrinks to Rs 570 million at KSE

The open interest of future deals shrank to Rs 570.4 million in the Karachi Stock Exchange during the last business week, reported Dunya News. Last week, spread of deliverable futures for October ended on two percent because of bear trend in the market. The average business volume of future deals closed on 1.5 million shares with a decrease of 17 percent. OGDC, Pakistan Petroleum Limited, Pakistan Oil Filters, MCB Bank and PCO remained prominent as per the business volume. The collective share of these companies in open interest remained 32 percent.