Trading was reported nil in cotton on Thursday during normal business hours though DMR reported a couple of deals struck on Wednesday, the relevant sources said.
The official spot rate was held unchanged at Rs 3100 without ST and upcountry expenses.
In New York tempo was mixed: March up 0.10 cent to 69.10 cents a pound, and May lost to be quoted at 70.16 cents a pound.
From DMR following deals were lifted: 2360 bales of Jhole at Rs 2700, 400 bales of Haroonabad at Rs 3050 and 600 bales of Haroonabad at Rs 3150.
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The KCA Official Spot Rate for Local Dealings in Pak Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Ex-Gin Prices Up-country Spot Rate Ex-Karachi
Rate Ex-Gin Including Expenses Including
for Price Sale Tax @ 15% Sales Tax @ 15%
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37.32 Kgs 3100.00 3565.00 50 3615.00
Equivalent --------------------------------------------------------------------------------------
40 Kgs 3322.00 3820.30 50 3870.30
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