Related Keywords: buyers remained on the sidelines, buying local cotton, cut in the sales tax and Customs duty on cotton imports, dull trading, Ex-Karachi rates also remained unchanged, four transactions recorded, Karachi Cotton Brokers Association, Karachi cotton exchange, Prices of cotton and yarn in the local market dropped, spot rates unchanged
Dull trading was seen at the Karachi Cotton Exchange on Saturday, while spot rates continued to remain unchanged at Rs7,500/maund (37.324kg) and Rs8,038/40kg.
Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
A total of four transactions were recorded of around 2,500 bales only at a price of Rs6,900 to Rs7,800/maund. Of these, 1,000 bales each were recorded from Rahimyar Khan and Haroonabad, 440 bales from Mianwali and 800 bales were traded from DG Khan.
