By admin       2017-06-15

Normal trading was recorded at the Karachi Cotton Exchange on Wednesday, while spot rates remained unchanged.The spot rates remained firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates stood unchanged at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.Naseem Usman, chairman of the Karachi Cotton Brokers Association, said that the new season started in June, against expectations of July, and around 2,000 bales have been ginned so far.Karachi Cotton Exchange recorded four transactions of around 3,500 bales at the price of Rs6,550/maund and Rs7,000/maund. Transactions were recorded from Nawabshah, Vehari, Shah Jamal and Pir Mehal.

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