RECORDER REVIEW

KARACHI: Last week saw spreads on the futures market skyrocketing by 1092 basis points (bps) to 13.56 percent compared to 2.64 percent of the preceding week.

A week earlier, future spreads had downed 873bps.

During the week that ended on Feb 27, the futures trade averaged on 52.37 million shares, depicting a growth of 72.2 percent from 30.41 million of the preceding week.

The average value of the contracts traded appreciated 26.5 percent to Rs 4.168 billion from Rs 3.295 billion.