KARACHI: Active trading was witnessed at the Karachi Cotton Exchange on Tuesday, while spot rates remained unchanged.
Spot rates stood firm at Rs6,000/maund (37.324kg) and Rs6,430/40kg. Ex-Karachi rates also remained unchanged at Rs6,145/maund and Rs6,585/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said rain was reported from some cotton growing areas, which would badly affect the quality.
“There will be no affect on quantity,” he added.
KCE recorded 21 transactions of around 21,000 bales at a price of Rs6,050 to Rs6,275/maund.
Transactions were recorded from Mirpurkhas, Sanghar, Hyderabad, Kotri, Shahdadpur, Tando Adam, Moro, Sultanabad, Pakpattan, Samundri, Mian Channu, Chistian, Burewala, Sahiwal, Khanewal, Vehari, Arifwala and Chichawatni.
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