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Dull trading activity witnessed at KCE

YarnsandFibers News Bureau 2017-02-18 13:00:00 – Karachi

The Karachi Cotton Exchange on Friday witnessed dull trading activity as it recorded domestic transactions of only 3,000 bales in between Rs6,250/maund to Rs6,800/maund.

Transactions were recorded from Sanghar, Pithoro and Saleh Pat in Sindh.

The spot rates decreased Rs50/maund. The spot rates fell to Rs6,650/maund (37.324kg) and Rs7,127/40kg.

Ex-Karachi rates also decreased to Rs6,785/maund and Rs7,272/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, the spot rates decreased, as activity slowed down after ginners and spinners tightened their positions ahead of the cotton arrivals report expected on Saturday.

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