Cotton stalls
Karachi : Dull trading activity continued at the Karachi Cotton Exchange on Friday, while spot rates remained unchanged.
The spot rates stood firm at Rs7,500/maund (37.324kg) and Rs8,038/40kg.
Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said trade activity remained low because the cotton season was over and buyers are waiting for the new crop in the market.
Besides, “This is the last ‘Ashra’ of Ramazan, so activity remains low,” he said.
“Trade activity will improve after Eid-ul-Fitr, as working timings will return to normal along with the expectation of arrivals from the new crop,” he added.
Karachi cotton market recorded only one transaction of 200 bales from Khanewal at Rs6,000/maund.
-
Funeral Home Owner Sentenced To 40 Years For Selling Corpses, Faking Ashes -
Why Is Thor Portrayed Differently In Marvel Movies? -
Dutch Seismologist Hints At 'surprise’ Quake In Coming Days -
Australia’s Liberal-National Coalition Reunites After Brief Split Over Hate Laws -
DC Director Gives Hopeful Message As Questions Raised Over 'Blue Beetle's Future -
King Charles New Plans For Andrew In Norfolk Exposed -
What You Need To Know About Ischemic Stroke -
Shocking Reason Behind Type 2 Diabetes Revealed By Scientists -
SpaceX Cleared For NASA Crew-12 Launch After Falcon 9 Review -
Meghan Markle Gives Old Hollywood Vibes In New Photos At Glitzy Event -
Simple 'finger Test' Unveils Lung Cancer Diagnosis -
Groundbreaking Treatment For Sepsis Emerges In New Study -
Roblox Blocked In Egypt Sparks Debate Over Child Safety And Digital Access -
Savannah Guthrie Addresses Ransom Demands Made By Her Mother Nancy's Kidnappers -
OpenAI Reportedly Working On AI-powered Earbuds As First Hardware Product -
Andrew, Sarah Ferguson Refuse King Charles Request: 'Raising Eyebrows Inside Palace'