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Business

December 6, 2017

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Cotton stable

Cotton stable

Karachi: Trading improved at the Karachi Cotton Exchange on Tuesday, while spot rates remained firm.
The spot rates stood unchanged at Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained firm at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
A total of 14 transactions were recorded of around 12,000 bales at a price of Rs5,600 to Rs6,900/maund. Notable deals were recorded from Rohri, Saleh Pat, Liaquatpur, Khanpur, Mirpur Dewan, Bahawalpur, Rajanpur, Jalalpur, Yazman and Layyah.
New York cotton market recorded mixed trend on its futures. December futures fell 0.40 cents to 75.03 cents/pound and March futures decreased 0.70 cents to 72.58 cents/pound.
Pakistan has recorded export registration of 185,720 bales from August 1, 2017 to November 15, 2017.

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