AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

Firmness prevailed on the cotton market on Friday as prices did not show any big difference as mills were active to cover the forward buying, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2350, without upcountry expenses.
Uncertainties about the next direction the market would take, propelled the mills to continue cotton buying, some brokers said. In the short-term the prices may maintain firm outlook and ginners are likely to increase the asking prices, they said.
The NY market improved with modest gains as the New York Board of Trade's December cotton contract went up 0.40 cent to end at 49.18 cents per lb, trading from 48.40 to 49.35 cents. March rose 0.45 to 53.27 cents. The rest gained 0.48 to 0.85 cent.
The following deals were reported: 1000 bales of cotton from Mirpurkhas sold at Rs 2350-2375, 1200 bales from Dadu at Rs 2350, 1000 bales from Shahdadpur at Rs 2350-2375, 600 bales from Yazman Mandi at Rs 2400-2425, 800 bales from Mailsi at Rs 2390, 2000 bales from Bahawalpur at Rs 2420-2425, 1000 bales from Uch Sharif at Rs 2415-2425, 400 bales from Taunsa at Rs 2425, 800 bales from Ahmedpur East at Rs 2425, 1400 bales from Hyderabad at Rs 2410, 1000 bales from Lodhran at Rs 2425, 400 bales from Hasilpur at Rs 2415, same figure from Chichawatni at Rs 2400, 1000 bales from Liquatpur at Rs 2425, 400 bales from Saeedabad at the same rate, 1000 bales from Rajanpur at the same rate, 200 bales from Gojra at Rs 2400, 2000 bales from Alipur at Rs 2415-2425, 1000 bales from Dera Gazi Khan at the same rate, same figure from Bahawalpur at Rs 2400, 400 bales from Jahanian at Rs 2415 and same figure from Multan at Rs 2425.



===========================================================
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 2350.00 50 2400.00
Equivalent-------------------------------------------------
40 Kgs 2518.00 50 2568.00
===========================================================

Copyright Business Recorder, 2006

Comments

Comments are closed.