By admin       2018-09-07

Quality factor propelled mills and exporters to make deals in a huge way of cotton on the local market on Thursday in the process of trading activity, dealers said. The official spot rate was higher by Rs 100 to Rs 8,150, they added. Prices of seed cotton in Sindh maintained overnight levels at Rs 3700-3800, in the Punjab rates followed the same pattern showing no change at Rs 3500-3800 and in Balochistan, prices of seed cotton were same at Rs 3800-3900, they said. In ready session, around 16,000 bales of cotton finalised between Rs 8100-8300, they said. According to the market sources, active mills' and exporters' buying helping rates to maintain present levels. The indication is clear that the rates may go up in the coming days. Some leading brokers, however, said that it is most likely that increase in arrivals of seed cotton may cause decline in prices after Muharram holidays. Cotton prices were mixed in the international markets, they added. The following deals reported: 2200 bales of cotton from Shahdadpur at Rs 8100/8150, 2400 bales from Tando Adam at Rs 8125, 2000 bales from Sanghar at Rs 8100/8150, 1200 bales from Mirpurkhas at Rs 8100/8150, 600 bales from Hyderabad at Rs 8100/8125, 600 bales from Kotri at Rs 8125, 400 bales from Kandiaro at Rs 8150/8175, 1000 bales from Shahpur Chakar at Rs 8125/8150, 2200 bales from Nawabshah at Rs 8125/8150, 600 bales from Daur at Rs 8150/8175, 800 bales from Buchari at Rs 8150/8175, 1000 bales from Khairpur at Rs 8150, 400 bales from Mian Channu at Rs 8175/8325, 400 bales from Chichawatni at Rs 8300, 400 bales from Khanewal at Rs 8300, 800 bales from Moongi Bangla at Rs 8275/8300, 1600 bales from Haroonabad at Rs 8225/8250/8300, 400 bales from Jalalpur at Rs 8250/8300, 200 bales from layyah at Rs 8290, 1000 bales from Vehari at Rs 8225/8250/8275, 1000 bales from Burewala at Rs 8250, 600 bales from Hasilpur at Rs 8250, 400 bales from Peerwala at Rs 8250, 200 bales from Garah Mor at Rs 8250 and 400 bales from Jehania at Rs 8200, they said.

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