Trade in futures market 5% down at KSE

KARACHI: The trade volume of futures shares witnessed a 5 percent decline at Karachi Stock Exchange this week.

The average turnover of futures contract was recorded at 1.3 million shares whose trading value stood at Rs120 million.

According to the statistics of KSE, investors’ lack of interest in futures market continued this week too, as they avoided taking new positions.

Earlier this week, the Securities and Exchange Commission of Pakistan (SECP) allowed short-selling in ready market effective from January 4, 2010. However, the step failed to attract local as well as foreign investors.