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Trading at cotton market improves

Related Keywords: classes of cotton varieties, Ex Karachi rates also increased, Karachi cotton exchange, official spot rate, or base price was fixed, showed improvement on Monday, spot rates increased Rs fifty per maund, the Karachi Cotton Association, trading activity

Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.

Normal trading activity witnessed

Related Keywords: arrival of the new crop, Ex Karachi rates also increased, ginners remained successful, ginning factories, Karachi cotton exchange, keeping prices stable, market prices are going upward, normal trading activity witnessed, oversold market, spot rates increased

At the Karachi Cotton Exchange, normal trading activity was witnessed on Wednesday, while spot rates increased Rs50/maund to Rs6,200/maund (37.324kg) and Rs6,645/40kg. Ex-Karachi rates also increased to Rs6,335/maund and Rs6,790/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded seven transactions changed hands of around 5,000 bales from Sindh at a price of Rs6,350/maund to Rs6,400/maund. Deals were noted from Hyderabad, Tando Adam, Kotri, Sanghar, Shahdadpur, Mirpurkhas and Sinjoro.

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