Trading activities at cotton market remained stable with demand for good quality local lint. According to analyst, trading activity would be low next week due to holidays and bank closing.
At the Karachi Cotton Exchange on Thursday, normal trading continue while spot rates remained unchanged.
The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/40kg. Ex-Karachi rates also remained unchanged at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
A total of 16 transactions were recorded of around 16,000 bales at a price of Rs5,800 to Rs7,500/maund.
Notable deals were recorded from Rahimyar Khan, Khanpur, Mian Channu, Liaquatpur, Fort Abbas, Chichawatni, Haroonabad, Mianwali, Samundri and Layyah.
Due to higher prices and the quality issue, Indian import has been difficult.
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