Cotton stable
Karachi : Dull trading was witnessed at the Karachi Cotton Exchange on Friday, while spot rates remained unchanged.
The spot rates remained unchanged at Rs6,900/maund (37.324kg) and Rs7,395/40kg. Ex-Karachi rates also stood firm at Rs7,045/maund and Rs7,550/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said decline in trading activity showed that the traders remained on the sidelines.
“The only traded lot received lower rates, which might affect the prices downwards and spot rates to come down in the coming days,” he said.
“Besides cotton prices, yarn prices are also depressed. Thus, spinners are not entering in buying at higher rates.”
The Karachi cotton market recorded only one transaction of 550 bales from Nawabshah at Rs6,000/maund.
-
Brittney Griner Signs With Sun In Major Deal As Team Builds For Final Seasons Before Houston Move -
Melania Trump’s Remarks Reignite Epstein Questions As Survivors Speak Out -
Why Megan Fox Is 'upset' With Machine Gun Kelly: Shocking Details Revealed -
Cyclone Vaianu: Strong Winds And Flood Threat Spark Mass Evacuations -
Jessica Biel Urges Parents To Stop Using Viral Parenting Hack For Major Reason -
Brandon Valenzuela Shines With First MLB Home Run As Blue Jays Surge Past Twins 10-4 -
Charlie Kirk’s Alleged Assassin Reveals Shock ‘opportunity’ In Ongoing Case -
Tyler Rogers And Taylor Rogers Show How Twin Brothers Can Dominate MLB In Completely Different Ways -
OpenAI Reports Security Issue In Third-party Tool Axios, Assures User Data Protection -
Finneas O'Connell Shares Insight Into Wedding Planning With Fiancée Claudia Sulewski -
Raptors Vs Knicks: OG Anunoby Leaves Game Early With Left Ankle Injury -
Teddi Mellencamp Confirms She's Dating 'older' Man Amid Cancer Battle -
Olivia Dean Gives Reason To Why She Still ‘can’t Believe Her Grammy Win -
Eric Swalwell Campaign Rocked By Assault Allegations As Top Democrats Urge Him To Drop Out -
NASA Chief Jared Isaacman Backs Billionaire Space Ventures As Artemis II Lands -
Winter Storm Warning Issued As Sierra Nevada Braces For Heavy Snow And Travel Disruptions