Cotton improves
Karachi: Active trading continued at the Karachi Cotton Exchange on Wednesday, while spot rates increased Rs50/maund.
The spot rates increased to Rs6,150/maund (37.324kg) and Rs6,591/40kg. Ex-Karachi rates also increased to Rs6,295/maund and Rs6,746/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. An analyst said the mills kept building their stocks despite arrival of 36 percent more cotton in the ginning factories by October 15, 2017. “Quality cotton is being purchased in bulk,” he added.
A total of 28 transactions were recorded of around 28,000 bales at a price of Rs5,600 to Rs6,300/maund. Notable deals were recorded from Tando Adam, Khairpur, Rohri, Daharki, Ghotki, Saleh Pat, Bahawalpur, Mianwali, Dera Ghazi Khan, Shujaabad, Jalalpur and Rahimyar Khan.
-
Cuba-Canada Travel Advisory Raises Concerns As Visitor Numbers Decline -
Anthropic Buys 'Super Bowl' Ads To Slam OpenAI’s ChatGPT Ad Strategy -
Prevent Cancer With These Simple Lifestyle Changes -
Air Canada Flight Diverted St John's With 368 Passengers After Onboard Incident -
Experts Reveal Keto Diet As Key To Treating Depression -
Inter Miami Vs Barcelona SC Recap As Messi Shines With Goal And Assist -
David Beckham Pays Tribute To Estranged Son Brooklyn Amid Ongoing Family Rift -
Jailton Almeida Speaks Out After UFC Controversy And Short Notice Fight Booking -
Extreme Cold Warning Issued As Blizzard Hits Southern Ontario Including Toronto -
Lana Del Rey Announces New Single Co-written With Husband Jeremy Dufrene -
Ukraine-Russia Talks Heat Up As Zelenskyy Warns Of US Pressure Before Elections -
Lil Nas X Spotted Buying Used Refrigerator After Backlash Over Nude Public Meltdown -
Caleb McLaughlin Shares His Resume For This Major Role -
King Charles Carries With ‘dignity’ As Andrew Lets Down -
Brooklyn Beckham Covers Up More Tattoos Linked To His Family Amid Rift -
Shamed Andrew Agreed To ‘go Quietly’ If King Protects Daughters