Cotton improves
By our correspondents
November 24, 2017
Karachi :Normal trading continued at the Karachi Cotton Exchange on Thursday, while spot rates increased Rs100/maund.
The spot rates rose to Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also increased to Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said the spot rates increased due to increasing demand by spinners. Pakistan needs imports to fulfil the consumption requirements. “The market is likely to remain stable in the coming days, as demand will stay,” he added.
A total of 20 transactions of around 21,000 bales were recorded at a price of Rs6,400 to Rs7,000/maund. Notable deals were recorded from Ghotki, Daharki, Rohri, Saleh Pat, Khairpur, Mian Channu, Rajanpur, Sadiqabad, Jalalpur, Shadan Lund and Tonsa.
The spot rates rose to Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also increased to Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said the spot rates increased due to increasing demand by spinners. Pakistan needs imports to fulfil the consumption requirements. “The market is likely to remain stable in the coming days, as demand will stay,” he added.
A total of 20 transactions of around 21,000 bales were recorded at a price of Rs6,400 to Rs7,000/maund. Notable deals were recorded from Ghotki, Daharki, Rohri, Saleh Pat, Khairpur, Mian Channu, Rajanpur, Sadiqabad, Jalalpur, Shadan Lund and Tonsa.
-
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 -
Candace Cameron Bure Says She’s Supporting Lori Loughlin After Separation From Mossimo Giannulli -
Princess Beatrice, Eugenie Are ‘not Innocent’ In Epstein Drama -
Reese Witherspoon Goes 'boss' Mode On 'Legally Blonde' Prequel -
Chris Hemsworth And Elsa Pataky Open Up About Raising Their Three Children In Australia -
Record Set Straight On King Charles’ Reason For Financially Supporting Andrew And Not Harry -
Michael Douglas Breaks Silence On Jack Nicholson's Constant Teasing -
How Prince Edward Was ‘bullied’ By Brother Andrew Mountbatten Windsor -
'Kryptonite' Singer Brad Arnold Loses Battle With Cancer -
Gabourey Sidibe Gets Candid About Balancing Motherhood And Career -
Katherine Schwarzenegger Shares Sweet Detail From Early Romance Days With Chris Pratt -
Jennifer Hudson Gets Candid About Kelly Clarkson Calling It Day From Her Show -
Princess Diana, Sarah Ferguson Intense Rivalry Laid Bare