AGL 40.40 Increased By ▲ 1.86 (4.83%)
AIRLINK 128.39 Decreased By ▼ -1.11 (-0.86%)
BOP 6.19 Increased By ▲ 0.58 (10.34%)
CNERGY 4.06 Increased By ▲ 0.20 (5.18%)
DCL 8.36 Decreased By ▼ -0.37 (-4.24%)
DFML 40.68 Decreased By ▼ -1.08 (-2.59%)
DGKC 87.71 Decreased By ▼ -0.59 (-0.67%)
FCCL 34.29 Decreased By ▼ -0.71 (-2.03%)
FFBL 66.20 Decreased By ▼ -1.15 (-1.71%)
FFL 10.55 Decreased By ▼ -0.06 (-0.57%)
HUBC 108.59 Decreased By ▼ -0.17 (-0.16%)
HUMNL 14.50 Decreased By ▼ -0.16 (-1.09%)
KEL 4.64 Decreased By ▼ -0.11 (-2.32%)
KOSM 7.17 Increased By ▲ 0.22 (3.17%)
MLCF 42.30 Increased By ▲ 0.65 (1.56%)
NBP 61.65 Increased By ▲ 2.05 (3.44%)
OGDC 179.15 Decreased By ▼ -3.85 (-2.1%)
PAEL 25.80 Decreased By ▼ -0.45 (-1.71%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 146.20 Decreased By ▼ -0.50 (-0.34%)
PRL 23.87 Increased By ▲ 0.26 (1.1%)
PTC 16.21 Decreased By ▼ -0.35 (-2.11%)
SEARL 70.30 Increased By ▲ 2.00 (2.93%)
TELE 7.28 Increased By ▲ 0.05 (0.69%)
TOMCL 36.01 Increased By ▲ 0.06 (0.17%)
TPLP 7.80 Decreased By ▼ -0.05 (-0.64%)
TREET 15.43 Increased By ▲ 1.23 (8.66%)
TRG 50.48 Increased By ▲ 0.03 (0.06%)
UNITY 27.24 Increased By ▲ 0.49 (1.83%)
WTL 1.24 Increased By ▲ 0.03 (2.48%)
BR100 9,804 Decreased By -1.8 (-0.02%)
BR30 29,618 Decreased By -59.8 (-0.2%)
KSE100 92,127 Decreased By -177.7 (-0.19%)
KSE30 28,740 Decreased By -100.8 (-0.35%)

Modest business was seen on the cotton market on Monday as prices maintained a firm posture following the rising perception about the size of crop for the current season, dealers said.
The Karachi Cotton Association (KCA) official spot rate was inert at Rs 2375, without upcountry expenses. Phutti prices in Sindh were at Rs 1125-1225 and in Punjab at Rs 1125-1175, dealers said.
The current position in the cotton market was little different as both the buyers and sellers adopted cautious attitude to formulate their next strategy, leading brokers said. The main factor, which is dominating the market, was whispers about the expected fall in the cotton production that may cause further rise in the prices, they said.
The ginners were asking higher prices and the spinners were not ready to oblige them as according to some mills, they have enough stock to meet the near-term demand, dealers said.
The following deals were reported: 1000 bales of cotton from Shahdadpur sold at Rs 2375, same figure from Tando Adam at Rs 2350, same figure from Sanghar at Rs 2340-2350, same figure from Mehrabpur sold at Rs 2395, same figure from Nawabshah at Rs 2350-2375, same number from Alipur at Rs 2450, same figure from Ahmedpur at Rs 2460, 400 bales from Uch Sharif at Rs 2450, 1000 bales from Sadiqabad at the same rate, same figure from Khanpur at Rs 2460, same number from Rahim Yar Khan at Rs 2450-2460, 600 bales from Pir Mahal at Rs 2450, 1000 bales from Muridwala at Rs 2450 and 600 bales from Rajanpur at the same rate.



===========================================================
The KCA Official Spot Rate for Local Dealings in Pak Rupees
-----------------------------------------------------------
FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"
MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
===========================================================
Rate Ex-Gin Upcountry Spot Rate Ex-Karachi
for Price Sales Tax @ 15%
===========================================================
37.32 Kgs 2375.00 50 2425.00
Equivalent-------------------------------------------------
40 Kgs 2545.00 50 2595.00
===========================================================

Copyright Business Recorder, 2006

Comments

Comments are closed.