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Slow trading continues at cotton market

Related Keywords: closed operations, cotton industry, cotton trading, Karachi Cotton Exchange on Wednesday, majority of mills, off season, recording only one transaction, remained slow, spot rates remained unchanged, two thousand bales from Shujabad

Cotton trading remained slow at the Karachi Cotton Exchange on Wednesday recording only one transaction of 2,000 bales from Shujabad at the rate of Rs6,900/maund, while spot rates remained unchanged.

The spot rates stood firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also remained unchanged at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Active trading witnessed at cotton market as cotton remain stable

Related Keywords: Active trading witnessed, after cotton arrivals report was released, cotton bales, cotton stable, Karachi Cotton Exchange on Wednesday, Pakistan Cotton Ginners Assocication, PCGA, spot rate remain unchanged

Active trading was witnessed at the Karachi Cotton Exchange on Wednesday after cotton arrivals report was released by the Pakistan Cotton Ginners Assocication (PCGA) on Tuesday and cotton remaining stable.

Yazman Mandi’s 400 bales were sold at Rs6,800/maund, 400 bales of Bahawalnagar at Rs6,850/maund, 2,400 bales of Rahimyar Khan at Rs6,800 to Rs6,925/maund and another lot of 2,000 bales of Rahimyar Khan exchanged hands at Rs7,000/maund.

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