Karachi
Cotton arrivals increased at the Karachi Cotton Exchange on Thursday, while spot rates decreased Rs100/maund.
The spot rates dropped to Rs6,100/maund (37.324kg) and Rs6,537/40kg. Ex-Karachi rates also decreased to Rs6,245/maund and Rs6,692/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said an increase in the arrivals resulted in a decline in lint prices. “International market is also under pressure,” he added.
KCE recorded 23 transactions of around 25,000 bales at a price of Rs5,900 to Rs6,250/maund. Transactions were recorded from Mirpurkhas, Sanghar, Hyderabad, Kotri, Shahdadpur, Tando Adam, Nawabshah, Jhang, Bhakkar, Khanewal, Haroonabad, Bahawalnagar, Burewala, Chichawatni, Vehari, Sahiwal, Hasilpur, Kassowal, Mian Channu, Mongi Bangla, Jehanian, Arifwala and Pakpattan.
The headquarters of the Sui Southern Gas Company . — APP FileKARACHI: Sui Southern Gas Company has launched a fresh...
The logo of the ExpoMed Eurasia. — CA MI websiteKARACHI: Pakistan is participating in ExpoMed Eurasia, a leading...
Gold bars are seen in this undated file photo. — AFP/FileKARACHI: Gold prices increased by Rs500 per tola on...
FFBL Head Office building can be seen in Islamabad. — FFBL WebsiteKARACHI: Fauji Fertilizer Bin Qasim Limited has...
Representational file of an MBW car. — AFP FileLAHORE: Small improvements in economic credentials of the country are...
The logo of the Oil and Gas Regulatory Authority . — Ogra websiteKARACHI: After Pakistan’s oil refineries,...
