Futures open interest up by 16pc

KARACHI, May 10 (Business Recorder): The open interest at the futures counter increased by 15.9 per cent on week-on-week basis to Rs 963 billion during the week. The futures spreads also increased by 69bps to 3.42 per cent amid decline in regular market, analysts said. However, volume at the counter declined by 24.2 per cent to 3.3 million shares.
Top 5 scrips including OGDC, BAFL, PSO, POL and Engro cumulatively represented 53 per cent of total open interest during the week.