Related Keywords: address myriads of challanges besetting textile industry, cotton bales, Karachi cotton exchange, many mills stopped lint buying, on Monday witnessed dull trading, some were engaged in price negotiations with the ginners, spot rates remained unchanged
The Karachi Cotton Exchange on Monday witnessed dull trading as many mills stopped lint buying, while some were engaged in price negotiations with the ginners.
The spot rates remained unchanged at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also stood firm at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
Only one transaction was recorded at KCE of 400 bales from Khanpur at the rate of Rs7,000/maund.
