According to the market sources, a kind of cautious buying was seen as most of the leading buyers kept on the sidelines due to monsoon rains. Cotton analyst, Naseem Usman said that buyers adopted wait-and-see mood owing to continued rains in the country. The following deals reported: 400 bales of cotton from Mirpurkhas sold at Rs 6400 and same number of bales from Tando Adam were finalised at the same rates, dealer added.
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The KCA Official Spot Rate for Local Dealings in Pakistan Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/16"
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MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Rate Ex-Gin Upcountry Spot Rate Spot Rate Difference
For Price Ex-Karachi Ex. KHI. As Ex-Karachi
on 15.07.2017
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37.324 kg 6,200 135 6,335 6,335 NIL
Equivalent
40 kgs 6,645 145 6,790 6,790 NIL
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