By admin       2017-11-29

Karachi: Slow trading was recorded at the Karachi Cotton Exchange on Tuesday, while spot rates remained unchanged. The spot rates stood unchanged at Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained firm at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. An analyst said the market activity improved after political turmoil settled down, while demand by the mills kept the prices stable. “Stability is likely to remain intact, as Pakistan is running short of the crop against consumption demand,” he added. A total of 13 transactions were recorded of around 15,000 bales at the price of Rs6,150/maund to Rs7,000/maund. Notable deals were recorded from Saleh Pat, Mianwali, Sadiqabad, Fazilpur, Khanpur, Hasilpur, Yazman Mandi and Mian Channu.

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