Post-Eid session: no business on cotton market

No business was seen on the cotton market on Friday amid post-holiday session though all the markets re-opened officially, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2375, without upcountry expenses.
Market sources said that there was no business activity in the market as participants were busy in exchanging Eid greetings. They said that the trading may gain momentum next week.

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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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Rate           Ex-Gin     Upcountry    Spot Rate Ex-Karachi

for            Price                        Sales Tax @ 15%

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37.32 Kgs      2375.00        50                    2425.00

Equivalent-------------------------------------------------

40 Kgs         2545.00        50                    2595.00

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