* Spot price increased by Rs 200 amidst select purchases *
*The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs 200 per maund and closed it at Rs 14700 per maund.*
*The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs 200 per maund and closed it at Rs 14700 per maund. The rate of polyester fiber was increased by Rs 2 per kg and was available at Rs 242 per kg.*
*Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained bullish and trading volume remained satisfactory.*
*The rate of cotton in Sindh is in between Rs 12000 to Rs 14800 per maund and the rate of cotton in Punjab is in between Rs 14500 to Rs 15000 per maund.*
*The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 6200 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5600 to Rs 6700 per 40 Kg. The rate of Banola in Sindh is in between Rs 14000 to Rs 2000 per maund. The rate of Banola in Punjab is in between Rs 2000 to Rs 2300 per maund. The rate of cotton in Balochistan is in between Rs 13800- 14800 per maund. The rate of Phutti in Balochistan is Rs 6000- 7500 per maund. 400 bales of Dherki, 600 bales of Sadiqabad, 3000 bales of Rahim Yar Khan, 600 bales of Khan Pur, 400 bales of Mir Pur Mathelo were sold at Rs 15000 per maund, 2000 bales of Khair Pur were sold at Rs 14000 to Rs 14400 per maund, 100 bales of Rohri were sold at Rs 14200 to Rs 14400 per maund and 1200 bales of Mian Wali were sold at Rs 14650 to Rs 14700 per maund.*
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