Karachi
Dull trading was witnessed at the Karachi Cotton Exchange on Monday, while spot rates remained unchanged.
The spot rates stood firm at Rs6,200/maund (37.324kg) and Rs6,645/40kg. Ex-Karachi rates also remained unchanged at Rs6,335/maund and Rs6,790/40kg after an addition of Rs135 an{C}d Rs145 as upcountry expenses, respectively. Naseem Usman, chairman of the Karachi Cotton Brokers Association, said that trade remained slow because of rain in the country.
“Monsoon rains have been recorded from several cotton growing areas of Sindh and Punjab, which will delay the arrivals in the factories and a shortfall in trade is also expected,” he added. KCE recorded only two transactions of 800 bales, 400 each from Mirpurkhas and Tando Adam, Sindh at a price of Rs6,400/maund.
A representational image showing an oil refinery. — AFP/FileKARACHI: Pakistan Petroleum Limited has announced a...
P@SHA Chairman Zohaib Khan was the esteemed Chief Guest at Aptech 2023. — X/PASHAORG/FileKARACHI: Muhammad Zohaib...
PSX marked the listing of the Mahaana Islamic Index Exchange Traded Fund with a gong ceremony on April 23, 2024. —...
FPCCI Regional Chairman and VP Zaki Aijaz while speaking during a round table discussion on the challenges and...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market fell by Rs7,800 per...
Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021. — AFPNew York:...