Related Keywords: after announcement of textile package. mills forced to buy back local cotton, around five thousand bales, dispute with Indian exporters, Karachi cotton exchange, KCE recorded domestic transactions, Local industry focusing on more consumption, on prices, six cotton stations, spot rate remained unchanged, trading activity remained slow
At the Karachi Cotton Exchange on Monday, trading activity remained slow. KCE recorded domestic transactions of around 5,000 bales from six stations in between Rs6,150/maund to Rs7,000/maund.
The spot rates stood unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rate also remained firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
