Thursday March 11, 2010 
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 Cotton Analysis[1-0 of 0 stories]  

Business volume remains low as lint, phutti prices and spot rate rise
KARACHI (March 08, 2010): The cotton prices stayed higher despite Pak consumer hope it will be favourable to buy quality cotton available - spot rate opened at Rs 5600 why closing was seen at Rs 5650.



Cotton prices retract after reaching record level
LAHORE (March 05, 2010): After reaching dizzy heights in a record performance at the middle of this week, lint prices underwent a reaction in ready business and conceded about Rs 100 per maund (37.32 Kgs) in a sluggish market on Thursday.



Rising trend remains dominant, prices at record level lint at Rs 5,750 and spot at Rs 5,600
KARACHI (March 01, 2010): Rising price trend was marked on the cotton market additionally hit by price trend abroad - achieving a record high at Rs 5,500 on the opening day, while closing price was seen at Rs 5,750 and the spot rate at all time high Rs 5,600.



Cotton prices reach new pinnacle
LAHORE (February 26, 2010): Cotton prices soared to new heights achieving peak performance on Thursday smashing all previous records as incessant increase in yarn prices, fast diminishing domestic supply of cotton and high levels of fibre values achieved by ICE cotton futures in New York all huddled together to impart bullish fervour to the commodity.



Unprecedented rise witnessed in lint prices at Rs 5,300, spot rate at Rs 5,100
KARACHI (February 22, 2010): Cotton trading has depleted owing to record making price hikes in the face of nearly un resolved problem over yarn exports. The spot opened at Rs 4900 and galloped to Rs 5100.



Very low cotton inventory may force cut in spinning capacity
KARACHI (February 22, 2010): Latest seed-cotton arrival figures indicate that finally cotton crop (2009-10 season) may hardly touch the level of 12.8 million running bales and may finish some where between 12.7 and 12.8 million bales against 11.34 million running bales in 2008-09 season - an increase of about 12.5 percent over last season.



Cotton prices climb to new record levels
LAHORE (February 19, 2010): With the current cotton season (August 2009-July 2010) drawing to an early close, lint prices keep moving up to unprecedented high levels with strong chances of gaining further. Counting on the latest seedcotton (kapas/phutti) arrivals figures for the ongoing season, it appears difficult that total output this season will exceed 12,700,000 running bales of domestic size on an ex-gin basis.



Lint prices stable at Rs 5,000, KCA spot rate given quantum jump to Rs 4,875
KARACHI (February 15, 2010): The cotton markets unlike world cotton trading, had some dip and surge but the prices proved no bar in buying by cotton experts or even the textile manufacturers and exporters. Small size of unsold stocks and quality factor provide impetus to prices to stabilise around Rs 5000 per maund. The spot rate opened at Rs 4625 to end after a quantum jump of Rs 250 at Rs 4875.



Cotton prices rebound on local, foreign markets

KARACHI (February 15, 2010): At last, lint cotton prices touched the very strong psychological price level of Rs5,000 per maund of 37.324 Kgs ex-gin (=US Cents 75.0/lb fob Karachi) which the ginners has been aiming at for the last many weeks.




Cotton prices skyrocket to record levels
LAHORE (February 12, 2010): Cotton prices took a quantum jump this month to gain nearly Rs 350 per maund (37.32 kgs) to a record level of Rs 5,000 per maund in an unprecedented rise. This week alone lint prices shot up by about Rs 200 per maund.


  

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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 84.50
SellingRs 84.55
Dollar eases further
8581.05  2.75
Sectoral Indices 
Market at Close
BRIndex-30 8,574.76
KSE-30 Index 10,261.61
KSE-100 Index 9,784.98
LSE-25 Index 3,081.63
ISE-10 Index 2,393.34
Gold Per 10gm 30,685.00
KCA Spot Rate 5,650.00
Libor Rate 0.39438
World Indices
Index Closing Chg%
DJIA 10,567.33 0.03
Nasdaq 2,358.95 0.78
S&P 1,145.61 0.45
FTSE 5,607.11 0.10
DAX 5,936.72 0.86
CAC-40 3,943.55 0.86
Nikkei 10,563.92 0.04
H.Seng 21,208.29 0.74
Sensex 17,098.33 0.27
NY Closing
Euro 0.7325
Sterling 0.6676
Swiss Franc 1.07
Yen 90.52
Gold 1108.10
Cotton 80.210
Oil 82.09
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyJanuary
Trade Balance $-1.62 bln
Exports $1.7 bln
Imports $3.32 bln
WeeklyMarch 04, 2010
Reserves $14.80 bln
 









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