KARACHI (January 19 2009): The total investment under Continuous Funding System (CFS) on the Karachi share market has declined by 39 per cent or Rs 427 million on weekly basis, falling to a meager Rs 668 million on Friday. The voluntary CFS-Mk-II Square up scheme has almost been completed, as remaining investments are not released.
The CFS rate stood at 21.37 per cent on the end of the week, up by 35bps on weekly basis. The top-5 scrips by CFS investment were MCB, Engro, POL, NBP and BAFL, their combined share accounted for 54 percent of total CFS investment.
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