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Upward trend was again witnessed on the forward cottonseed oilcake market on Thursday as buyers presense continued on anticipation of increase in the prices, dealers said. The May vaida opened with 90 paisa gain at Rs 432.70. Later, it picked up Rs 1.10 to be day's best at Rs 433.80. In the process of trading it lost Rs 1.20 to be day's bottom at Rs 432.60 and market settled at Rs 433.20.
The next July vaida commenced with 70 paisa appreciation at Rs 429.20. Later, it posted a gain of Rs 1.60 to be day's highest at Rs 430.80. During the day, it lost Rs 1.30 to be day's lowest at Rs 428.50 and closing was seen at Rs 429.30.



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MAY VAIDA
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Last closing Rs 431.80
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Thursday's opening Rs 432.70
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Highest Rs 433.80
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Lowest Rs 432.60
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Closing Rs 433.20
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JULY VAIDA
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Last closing Rs 428.50
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Thusday's opening Rs 429.20
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Highest Rs 430.80
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Lowest Rs 428.50
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Closing Rs 429.30
=================================

Copyright Business Recorder, 2005

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