Swift trading activity was witnessed at the Pakistan cotton market

News Tags: cotton bales, cotton further, cotton price, cotton trading, mill, Pakistan textile sector, seed cotton, spinner, spot rate

Karachi
Swift trading activity was witnessed at the Pakistan cotton market
Summary: 
As mills and spinners took interest in fresh buying to cover their immediate needs some swift trading was witnessed on the cotton market on Wednesday. In ready session, approximately 15000 bales of cotton changed hands between Rs 5350-5550, however, prices of seed cotton in Sindh and Punjab dropped modestly to Rs 2650-2700. The official spot rate increased further by Rs.75 to Rs5375.

As mills and spinners took interest in fresh buying to cover their immediate needs some swift trading was witnessed on the cotton market on Wednesday. In ready session, approximately 15000 bales of cotton changed hands between Rs 5350-5550, however, prices of seed cotton in Sindh and Punjab dropped modestly to Rs 2650-2700. The official spot rate increased further by Rs.75 to Rs5375.
 

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1210592:cotton-market-trading-activity-gains-momentum/
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