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Higher trend was witnessed on the forward cottonseed oilcake market on Monday on increased purchasing on fears of further rise in the prices, dealers said.

The December vaida commenced at Rs 438.50 and that proved to be day's lowest at the same level, they said.In the process of trading, it gained Rs 2.30 to be day's highest at Rs 440.80, they added.

The January vaida retained its overnight level at Rs 435.00, dealers said.





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DECEMBER VAIDA

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Last closing Rs 437.60

Monday's opening Rs 438.50

Highest Rs 440.80

Lowest Rs 438.50

Closing Rs 440.10

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JANUARY VAIDA

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Last closing Rs 435.00

Monday's opening Rs 435.00

Closing Rs 435.00

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Copyright Business Recorder, 2005


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