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Related Keywords: cotton bales, cotton production, Karachi cotton exchange, remain slow, spot rates remained unchanged, three transaction changed hands, trading activity

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, while spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg.

Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE three transactions amid prices of Rs6,700 to Rs6,800/maund changed hands. Fort Abbas 400 bales were sold at Rs6,940/ maund, Jalalpur’s 6,800 bales were exchanged at Rs6,800/maund while Rahimyar Khan’s 244 bales at Rs6,700/maund.

Related Keywords: amid strong physical prices, better grades of lint remained in focus, buyers made deals for better second grade of lint, Karachi cotton exchange, meet domestic as well as international commitments, remain slow, spot rates remained unchanged, trading activity, volumes remained moderate, yarn and cloth

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, as better grades of lint remained in focus amid strong physical prices. Traders said that the volumes remained moderate as buyers made deals for better and second grade of lint to meet their domestic as well as international commitments of yarn and cloth.

Spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.