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 18500 per maund. The local cotton market remained stable and the trading volume remained satisfactory.
Cotton Analyst Nasseem Usman while talking to Business Recorder said that price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 8500. Cotton of Sindh was traded from Rs 15000 to Rs 19000 per maund, Punjab’s cotton was traded from Rs 16000 to Rs 18500 per maund.
He told that 1000 bales of Mir Pur Mathelo were sold at Rs 18000 per maund, 400 bales of Ghotki were sold at Rs 19200 per maund and 400 bales of Chichawatni were sold at Rs 18600 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 18500 per maund. Polyester Fibre was at Rs 257 per kg.
