PAKISTAN: The cotton market traded on a firm footing with a slight edge.
Lahore: The local cotton market remained firm on Wednesday with satisfactory trading volume.
Cotton analyst Naseem Usman told that the rate of new crop of cotton in Sindh and Punjab is Rs 20,000 per head.
The rate of footi in Sindh and Punjab ranges from Rs 9,000 to Rs 9,200 per head. 600 bales of Sanghar and 1,000 bales of Tando Adam were sold at Rs 20,000 per head.
About 1200 bales of Tando Adam sold at Rs 19,900 to Rs 20,100 per head, 400 bales of Shahdadpur, 200 bales of Hyderabad sold at Rs 20,000 per head, 800 bales of Sanghar at Rs 19,800 to Rs 20,000 per head, 400 bales of Kotri sold at Rs 19,900 per head Rs 20,000 per 200 bales of Man, Khando was sold at Rs.19,800 per head and 200 bales of Khanpur was sold at Rs.22,000 per head.
The spot price remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 355 per kg.
