AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Forward trading in Phutti and cotton seed (Banola) for the year 2020-21 has been started. Market sources said that forward trading agreements of 20 trucks of Phutti of lower Sindh were signed. The agreements were signed at the rate of Rs 3300 to Rs 3700 per 40 kg and on the condition of delivery between May 25 and June 5.

According to cotton analyst Naseem Usman forward agreements of 8 trollers of cotton seed (Banola) were also signed at the rate of Rs 1725 to Rs 1750 and on the condition of delivery till June 15.

Naseem told that things have started improving as the government had given permission to the textile units to start their operations. While according to the circles of All Pakistan Textile Mills Association Chief Minister Punjab has agreed to open the complete textile chain which include spinning, sizing, weaving, processing, embroidery and garments.

He stressed his hope that opening of the whole textile chain will have a positive impact on the cotton market.

He also said that spot rate remained unchanged at Rs 8800. He said that Binola was available in both Sindh and Punjab at the rate of Rs 1600 to Rs 1800 per maund. The rate of cotton in Sindh and Punjab is in between Rs 7000 to Rs 8800 per maund. The polyester fiber was available at Rs 160 per kg.

===========================================================================

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 30-04-2020

===========================================================================

37.324 kg 8,800 160 8,960 8,960 NIL

Equivalent

40 kgs 9,431 171 9,602 9,602 NIL

===========================================================================

Copyright Business Recorder, 2020

Comments

Comments are closed.