Karachi : Normal trading activity continued at the Karachi Cotton Exchange on Saturday, while spot rates remained firm.
Karachi Cotton Association kept the official spot rates steady at Rs8,000/maund (37.324kg) and Rs8,574/40kg. Ex-Karachi rates also stood unchanged at Rs8,160/maund and Rs8,745/40kg after an addition of Rs160 and Rs171 as upcountry expenses, respectively.
Naseem Usman, chairman of the Karachi Cotton Brokers Association,
said that trade remained stable, as both
demand and supply increased in the market.
Karachi cotton market recorded 14 transactions of around 11,000 bales at the price of Rs8,025/maund to Rs8,300/maund.
Deals were reported from Mirpurkhas, Sanghar, Tando Adam, Shahdadpur, Kotri, Shahpur Chakar, Nawabshah, Burewala, Rajanpur, Jalalpur, Vehari, Haroonabad and Mianwali.
Several solar panels can be seen in this picture. — AFP/FileLAHORE: Pakistan, with a potential of 40 GW of solar...
The screenshot shows the High Commission of Pakistan in Rwanda hosting a webinar on "Exploring the African Market -...
An undated image of gold jewellery displayed at a store. — AFP/FileKARACHI: Gold prices in the local market dropped...
Clare Lombardelli, the OECD’s chief economist. — BloombergLONDON: High flows of immigration into rich countries...
Representational image of growth in economy. — APP FileLAHORE: The normal ingredients of economic growth include...
The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow on May 11, 2022. —...