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Slow trading activity seen at KCE

Related Keywords: eager to clear warehouses, few stocks were left with the ginners, Karachi Cotton Exchange on Tuesday, Only three transaction were recorded to changed hands, spot rate remained unchanged, weight of lint gets reduced in hot weather, witness slow trading activity

The Karachi Cotton Exchange on Tuesday witness slow trading activity while spot rate remained unchanged. Spot rate remained unchanged at Rs6,750/maund (37.324 kg) and Rs7,234/40-kg.

Ex-Karachi rates also stood firm at Rs6,885/maund and Rs7,379/40-kg after addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to analyst, slow activity showed that only few stocks were left with the ginners. However, ginners were eager to clear their warehouses as soon as possible, as weight of lint gets reduced in hot weather.

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