Cotton stable
Karachi
Dull trading was witnessed at the Karachi Cotton Exchange on Thursday, while spot rates remained unchanged.
The spot rates remained firm at Rs6,300/maund (37.324kg) and Rs6,752/40kg. Ex-Karachi rates also stood unchanged at Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
An analyst said the activity remained dull because of the monsoon rains in the cotton growing areas of Sindh and Punjab. “The activity might remain slow in the coming days, as well, as more rains are predicted,” he added. Cotton market recorded only single transaction of 200 bales of Sanghar at Rs6,300/maund. New York cotton market witnessed a decrease on all its futures. October futures decreased 0.10 cents to 68.76 cents/pound and December futures dropped 0.11 cents to 68.11 cents/pound.
-
Billie Eilish Slammed For Making Political Speech At Grammys -
Beverley Callard Announces Her Cancer Diagnosis: 'Quite Nervous' -
WhatsApp May Add Instagram Style Close Friends For Status Updates -
Winter Olympics Officially Open In Milan, Cortina With Historic Dual Cauldron Lighting -
Sciences Reveals Shocking Body Response Against Heart Attack -
Who Is Charlie Puth? Inside Awards, Hits & Journey Of Super Bowl Anthem Singer -
Jared Leto 'swings For The Fences' In 'Master Of The Universe'? -
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’