Cotton rises
Karachi : Active trading continued at the Karachi Cotton Exchange on Tuesday, while spot rate increased Rs50/maund.
Karachi Cotton Association increased the official spot rate to Rs8,300/maund (37.324kg) and Rs8,895/40kg. Ex-Karachi rates also rose to Rs8,460/maund and Rs9,066/40kg after an addition of Rs160 and Rs171 as upcountry expenses, respectively.
An analyst said market remained stable, as demand and supply increased simultaneously.
Karachi cotton market recorded 27 transactions of around 16,000 bales at the price of Rs8,100/maund to Rs8,300/maund. Deals were reported from Mirpurkhas, Sanghar, Tando Adam, Shahdadpur, Nawabshah, Daur, Moro, Khairpur, Arifwala, Burewala, Chichawatni, Vehari, Dera Ghazi Khan, Lodhran and a few other stations.
-
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair -
$44 Billion Bitcoin Blunder: Bithumb Exchange Apologizes For Accidental Payout -
Katie Price Ends Public Feud With Ex Peter Andre After 16 Years -
Apple May Bring ChatGPT And Other AI Apps To CarPlay -
Meghan Markle, Prince Harry Likely To Attend Super Bowl Halftime Show 2026 -
AI Next Big Trial: Elon Musk Calls For ‘Galileo Test’ To Prove True Intelligence