AGL 40.18 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.48 Increased By ▲ 0.44 (0.35%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.53 Decreased By ▼ -0.02 (-0.23%)
DFML 41.90 Increased By ▲ 0.46 (1.11%)
DGKC 87.56 Increased By ▲ 0.71 (0.82%)
FCCL 32.52 Increased By ▲ 0.24 (0.74%)
FFBL 65.21 Increased By ▲ 0.41 (0.63%)
FFL 10.30 Increased By ▲ 0.05 (0.49%)
HUBC 109.62 Increased By ▲ 0.05 (0.05%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.66 Increased By ▲ 0.28 (0.68%)
NBP 59.89 Decreased By ▼ -0.52 (-0.86%)
OGDC 194.00 Increased By ▲ 3.90 (2.05%)
PAEL 28.21 Increased By ▲ 0.38 (1.37%)
PIBTL 7.77 Decreased By ▼ -0.06 (-0.77%)
PPL 151.82 Increased By ▲ 1.76 (1.17%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.11 Increased By ▲ 0.04 (0.25%)
SEARL 84.80 Decreased By ▼ -1.20 (-1.4%)
TELE 7.70 Decreased By ▼ -0.01 (-0.13%)
TOMCL 35.39 Decreased By ▼ -0.02 (-0.06%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.03 Decreased By ▼ -0.38 (-2.32%)
TRG 52.60 Decreased By ▼ -0.69 (-1.29%)
UNITY 26.30 Increased By ▲ 0.14 (0.54%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,785 Increased By 429.6 (0.46%)
KSE30 29,050 Increased By 119.3 (0.41%)

Cotton prices maintained a firm posture on the cotton market on Monday in the process of modest trade activity, dealers said. The official spot rate was unchanged at Rs 7500, they added. In the ready session, approximately, 2000 bales of cotton changed hands between Rs 7400-7800, they said. Commenting on the tight supply of lint cotton, cotton analyst, Naseem Usman said that the spinners were still keen to buy lint cotton but they were facing difficulties due to non-availability of the same commodity.
Other analysts said that severe irrigation water shortage gives an impression that next cotton crop may be delayed it's a factor, which is forcing ginners to take time to get better profit. After achieving better cotton production this year, the growers and farmers were praying for rains to get higher-than-expected output during the next season, they said.
In the international market, in China and Indian, the cotton prices move upward due to strong demand, dealers said. The following deals were reported: 200 bales of cotton from Sadiqabad at Rs 7700, 1198 bales from Khanewal at Rs 7400 and 400 bales from Liaquatpur at Rs 7800, they said.



===========================================================================
The KCA Official Spot Rate for Local Dealings in Pakistan Rupees
---------------------------------------------------------------------------
FOR BASE GRADE 3 STAPLE LENGTH 1-1/16"
---------------------------------------------------------------------------
MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
===========================================================================
Rate Ex-Gin Upcountry Spot Rate Spot Rate Difference
For Price Ex-Karachi Ex. KHI. As Ex-Karachi
on 05-05-2018
===========================================================================
37.324 kg 7,500 145 7,645 7,645 NIL
Equivalent
40 kgs 8,038 155 8,193 8,193 NIL
===========================================================================

Copyright Business Recorder, 2018

Comments

Comments are closed.