By admin       2018-05-04

Karachi : Active trading recorded at the Karachi Cotton Exchange on Thursday, while spot rates stood unchanged. The spot rates remained firm at Rs7,500/maund (37.324kg) and Rs8,038/40kg. Ex-Karachi rates also stood unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. Pakistan Cotton Ginners Association (PCGA) has released final report of cotton arrivals of 11.58 million bales by April 30, 2018. Of these, 11.08 million bales were sold to mills and 216,615 bales were sold to exporters. Unsold stocks remain around 0.28 million bales. Karachi cotton market recorded four transactions of around 14,500 bales at the price in the range of Rs7,300 to Rs7,800/maund. The deals were recorded from Ghotki, Rahimyar Khan, Khanewal and Sadiqabad.

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