Futures spread down sharply by 806 bps
According to weekly data, the futures spread declined sharply by 806 basis points, falling from 13.89 percent last week to just 5.84 percent—a notable week-on-week decrease.
Interestingly, the contraction in spreads coincided with a substantial surge in trading volumes. Average daily traded volume (ADTO) in futures expanded by a remarkable 199 percent on a week-on-week basis, reaching 346.47 million shares—up from 115.86 million shares in the previous week.
In value terms, futures turnover also posted strong growth. The average daily traded value increased by 190.3 percent to Rs 19.98 billion, compared to Rs 6.88 billion a week earlier.
Copyright Business Recorder, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
2 hours ago
- Business Recorder
Haseeb Waqas Sugar Mills halts share buyback amid speculative price hike
Haseeb Waqas Sugar Mills Limited announced on Monday its decision not to go for buyback of shares and halt any further activity due to the price hike of shares. The mills in a notice to the Pakistan Stock Exchange (PSX) shared that a meeting of the board of directors was held on July 25. 'The Board was apprised that after dissemination of information to PSX, speculators used this information and artificially raised the price of shares to more than 200%. Whereas when intimation letter was sent on 26 June 2025, the price of each share was around Rs10 and weighted average price for the last 3 years was also around Rs10/ per share,' it wrote to the bourse. The company shared that the price hike in shares was purely speculative in the nature as the company is 'not in operations and there is no incentive of any return which purely shows that this abrupt rise in prices of shares is solely to benefit the speculators in the market to sell their shares at the artificially created higher prices back to the company'. The notice further said that the company secretary further informed the Board that after intimation to the PSX of buyback, none of the sponsors or officers of the company directly or indirectly participated in trading of the shares of the company to make this intended transaction transparent or did not get any benefit from speculation. 'The Board of Directors of the company deliberated on the matter at length and showed grave concern over the situation of speculation in the market after intimation to PSX. The Board is unanimously of the view and has decided not to go for buyback of shares in these circumstances for the time being and halt any further activity in this regard.'
Business Recorder
3 hours ago
- Business Recorder
Stocks surge, KSE-100 hovers around 140,000 level
Bullish momentum was observed at the Pakistan Stock Exchange (PSX) amid anticipation of a policy rate cut in the upcoming Monetary Policy Committee (MPC) meeting. The benchmark KSE-100 Index traded near the 140,000 level during the opening minutes of trading on Monday. At 9:35am, the benchmark index was at 139,988.07, an increase of 780.79 points or 0.56%. Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and refinery traded in the green. Index-heavy stocks, including PRL, ARL, MARI, OGDC, PPL, POL, PSO, SSGC and SNGPL, traded in the green. During the previous week, the market remained range-bound yet closed the week on a positive note, as investors weighed macroeconomic signals, anticipated monetary easing, and corporate earnings. The KSE-100 Index added 610 points, or 0.44% week-on-week (WoW), to settle at 139,207 points. Internationally, global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of Japan. The US struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods, half the threatened rate, a week after agreeing to a trade deal with Japan that lowered proposed tariffs on auto imports. Countries are scrambling to finalise trade deals ahead of an August 1 deadline set by US President Donald Trump, with talks between the US and China set for Monday in Stockholm amid expectations of another 90-day extension to the truce between the world's top two economies. S&P 500 futures rose 0.4% and the Nasdaq futures gained 0.5% while the euro firmed across the board, rising against the dollar, sterling and yen. European futures surged nearly 1%. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.27%, just shy of the almost four-year high it touched last week. Japan's Nikkei fell 0.8% after hitting a one-year high last week. While the baseline 15% tariff will still be seen by many in Europe as too high, compared with Europe's initial hopes to secure a zero-for-zero tariff deal, it is better than the threatened 30% rate. This is an intra-day update
Business Recorder
5 hours ago
- Business Recorder
CM orders visible, improved cleanliness
LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the authorities concerned to ensure visible cleanliness and active sanitation staff across all neighborhoods of the province. She was chairing a meeting to review progress on the 'Suthra (Clean) Punjab Program', where she emphasized that as public expectations grow, performance must also improve. During the meeting, the CM was briefed in detail on various components of the program, including the introduction of e-invoicing and e-billing for sanitation fees, being implemented for the first time under the initiative. She was also informed about the Vehicle Trip Counting System and Vehicle Tracking Management System to monitor waste collection operations more effectively. Highlighting international interest in the program, Maryam Nawaz Sharif said, 'Development institutions from the World Bank, Europe, and other countries have expressed willingness to invest in the Suthra Punjab Program.' The CM said that while the initiative is progressing successfully, complaints from certain districts regarding cleanliness must be promptly addressed. 'Contractors failing to meet performance standards should be removed,' she asserted. The CM further instructed the use of Safe City cameras to monitor sanitation conditions across Punjab. It was agreed during the meeting that 136 additional waste disposal points would be established across the province to improve garbage collection and management. Copyright Business Recorder, 2025
