LAHORE: The Spot Rate Committee of Karachi Cotton Association (KCA) on Thursday reduced the spot rate by Rs 2,00 per maund and closed it at Rs 17,500 per maund. The local cotton market remained bearish and the trading volume remained satisfactory.
Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 16,000 to Rs 17,000 per maund. The rate of footi in Sindh is between Rs 6,500 to Rs 7,500 per 40 kg.
The rate of cotton in Punjab is between Rs 16,500 to Rs 17,200 per maund and the rate of cotton in Punjab is between Rs 6,500 to Rs 7,500 per 40 kg.
The rate of cotton in Balochistan is between Rs 16,500 to Rs 16,700 per maund while the rate of cotton is between Rs 7,000 to Rs 8,200 per 40 kg.
1200 bales of Dherki were sold at Rs 18,100 to Rs 18,200 per maund, 1800 bales of Saleh Pat were sold at Rs 17,000 to Rs 17,600 per maund, 400 bales of Sui Gas were sold at Rs 17,000 per maund, 600 bales of Mir Pur Khas were sold. Rs 15,500 per maund, 1200 bales of Mehraab Pur were sold at Rs 17,300 to Rs 17,400 per maund, 1200 bales of Tando Edam were sold at Rs 16,800 to Rs 17,000 per maund, 600 bales of Rohri were sold at Rs 17,000 per maund. Maund, 1600 bales of Khair Pur were sold at Rs 17,000 to Rs 17,600 per maund, 1000 bales of Rahim Yar Khan, 600 bales of Sadiqabad, 600 bales of Khan Pur were sold at Rs 17,800 per maund, 200 bales of Samundari were sold at Rs. Rs 16,500 per maund, 600 bales of Fakir Wali were sold at Rs 17,800 per maund, 800 bales of Fort Abbas were sold at Rs 17,500 to Rs 18,000 per maund, 4800 bales of Mian Wali were sold at the rate of Rs 17,500 to Rs 17,900 per maund. 600 bales of Chistian were sold at Rs 17,500 to Rs 17,650 per maund, 400 bales of Tunsa Sharif were sold at Rs 17,500 to Rs 17,800 per maund, 400 bales of Bhakhar were sold at Rs 17,500 per maund, Laiya 1800 bales were sold. 17,500 to 17,800 per maund, 200 bales of Donga Bonga were sold at Rs 17,800 per maund, 2800 bales of Yajman Mandi, 2400 bales of Harunabad were sold at Rs 17,500 to 17,800 per maund and 800 bales of Shujabad were sold at Rs 17,800 per maund. Rs 17,600 to Rs 18,000 per head.
KCA's Spot Rate Committee reduced the spot rate by Rs 2,00 per maund and closed it at Rs 17,500 per maund. Polyester fiber was available at Rs 370 per kg.
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