Karachi : Dull trading was witnessed at the Karachi Cotton Exchange on Tuesday, while spot rates increased Rs100/maund.
The spot rates rose to Rs7,600/maund (37.324kg) and Rs8,145/40kg. Ex-Karachi rates also increased to Rs7,745/maund
and Rs8,300/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said trade volume in the market has decreased, as quality lint has almost ended with the stocks of total cotton reaching around 250,000 bales.
“However, the demand for the quality lots remains intact,” he added.
Karachi cotton market recorded two transactions of around 600 bales at a price in the range of Rs6,975 to Rs8,000/maund. Of these, 400 bales of Rahimyar Khan were sold at Rs8,000/maund and 200 bales of Ahmedpur East exchanged hands at Rs6,975/maund.
This picture released on August 13, 2023, shows WAPDA House in Lahore. — Facebook/WAPDALAHORE: Water and Power...
This image released on April 18, 2024, shows the meeting on Kisan Card at the Sindh Secretariat. — Facebook/Jam...
Pakistan State Oil HQs can be seen in this picture. — PSO websiteKARACHI: Pakistan State Oil and Pakistan Railways ...
This representational image shows gold bars. — UnsplashKARACHI: Gold prices increased by Rs500 per tola on Friday in...
Representational image of a working oil pumpjack. — AFP/FileLONDON: Plentiful supplies of some of the biggest crude...
Prime Minister personally promises to ensure that our bureaucracy does not play tricks with them
