Related Keywords: amid increase in demand, cotton bales, Ex-Karachi rateso remained firm, ginning factories, Karachi cotton exchange, local market remain steady, new crop, nine transactions recorded, spot rate remained firm, witnessed active trading
Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.
According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.
