By admin       2018-07-14

Normal trading activity was recorded at the Karachi Cotton Exchange on Friday, while spot rates remained unchanged.The spot rates stood firm at Rs8,400/maund (37.324kg) and Rs9,002/4-kg. Ex-Karachi rates also remained unchanged Rs8,545/maund and Rs9,157/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.An analyst said international markets, including US, China and India were high. “Pakistani market may also reach record Rs9,000/maund in a few days,” he added.Karachi cotton market recorded six transactions of around 5,000 bales at a price of Rs8,600/maund to Rs8,700/maund. Of these, 1,200 bales were sold from Shahdadpur, 1,600 bales of Tando Adam, 800 bales of Sanghar and 400 bales each of Hyderabad and Kotri, while 200 bales of Chichawatni exchanged hands.

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