Cotton unchanged
Karachi
Slow trading was witnessed at the Karachi Cotton Exchange on Wednesday, while spot rates remained unchanged.
The spot rates stood firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also remained unchanged at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
An analyst said slow trading is likely to continue, as majority of mills had closed their operations because of the off season.
“Around 200,000 bales are lying with the ginners that would end up soon,” he added.
The cotton market recorded only one transaction of 2,000 bales from Shujabad at the rate of Rs6,900/maund.
Pakistan has made registrations of 135,879 bales from 2015/16 and 2016/17 crops during the period August 1, 2016 till May 7, 2017.
During this period a total of 115,116 bales were shipped.
-
Garrett Morris Raves About His '2 Broke Girls' Co-star Jennifer Coolidge -
Winter Olympics 2026: When & Where To Watch The Iconic Ice Dance ? -
Melissa Joan Hart Reflects On Social Challenges As A Child Actor -
'Gossip Girl' Star Reveals Why She'll Never Return To Acting -
Chicago Child, 8, Dead After 'months Of Abuse, Starvation', Two Arrested -
Travis Kelce's True Feelings About Taylor Swift's Pal Ryan Reynolds Revealed -
Michael Keaton Recalls Working With Catherine O'Hara In 'Beetlejuice' -
King Charles, Princess Anne, Prince Edward Still Shield Andrew From Police -
Anthropic Targets OpenAI Ads With New Claude Homepage Messaging -
US Set To Block Chinese Software From Smart And Connected Cars -
Carmen Electra Says THIS Taught Her Romance -
Leonardo DiCaprio's Co-star Reflects On His Viral Moment At Golden Globes -
SpaceX Pivots From Mars Plans To Prioritize 2027 Moon Landing -
King Charles Still Cares About Meghan Markle -
J. Cole Brings Back Old-school CD Sales For 'The Fall-Off' Release -
GTA 6 Built By Hand, Street By Street, Rockstar Confirms Ahead Of Launch