Related Keywords: activity slowed down, ahead of the cotton arrivals, ginners and spinners tightened their positions, Karachi cotton exchange, only three thousand bales, recorded domestic transactions, spot rate decrease by fifty rupees, witnessed dull trading activity
The Karachi Cotton Exchange on Friday witnessed dull trading activity as it recorded domestic transactions of only 3,000 bales in between Rs6,250/maund to Rs6,800/maund.
Transactions were recorded from Sanghar, Pithoro and Saleh Pat in Sindh.
The spot rates decreased Rs50/maund. The spot rates fell to Rs6,650/maund (37.324kg) and Rs7,127/40kg.
Ex-Karachi rates also decreased to Rs6,785/maund and Rs7,272/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
