Karachi :Active trading was recorded at the Karachi Cotton Exchange on Tuesday, while spot rates decreased Rs100/maund.
The spot rates decreased to Rs6,450/maund (37.324kg) and Rs6,912/40kg. Ex-Karachi rates also fell to Rs6,595/maund and Rs7,067/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said the spot rates declined because of an increase in the arrivals. “Demand remained still high in the market, but any arrival in bulk or decline in quality will decrease the prices,” he added.
A total of 30 transactions were recorded of around 26,000 bales at a price of Rs6,150 to Rs6,700/maund. Among them, notable deals were recorded from Ghotki, Khairpur, Rahimyar Khan, Rajanpur, Sadiqabad, Bahawalpur, Haroonabad, Mianwali, Fort Abbas and Chistian.
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 BMW car. — AFP FileLAHORE: Small improvements in economic credentials of the country are...
A fuel station worker filling petrol in vehicle at a fuel station in Karachi on Tuesday, April 16, 2024KARACHI: After...