RECORDER REVIEW

KARACHI: The futures spread at the Pakistan Stock Exchange narrowed by 250 basis points week-on-week to 4.52 percent from 7.02 percent during the week ended September 18, 2026, as activity in the derivatives segment contracted amid a cautious market environment.

Futures average daily traded volume (ADTO) declined 28.0 percent to 116.48 million shares, compared with 161.86 million shares in the preceding week. In value terms, average daily futures turnover fell 21.4 percent to Rs6.53 billion from Rs8.30 billion.

The narrowing of the futures spread from 7.02 percent to 4.52 percent, together with the decline in both futures volume and value, came as total market capitalisation edged up only 0.1 percent to Rs19.038 trillion from Rs19.015 trillion.