In the ready business, over 5,000 bales of cotton finalised between Rs 4675 and Rs 5600, they said. According to the market sources, noting was new in today's trading as most of the mills and spinners kept on the sidelines, but some exporters were active to cover their position. Cotton analyst, Naseem Usman said that in India and China, buyers were little active due to sluggish demand the world over. Trading activity likely to improve in the beginning sessions of New Year 2016, he added.
Reuters adds: Cotton futures inched up in the lightest trade volume in more than two months on Wednesday as bullish investors sought to push the market upward and square their books ahead of the year-end. March cotton on ICE Futures US settled up 0.1 cent, or 0.16 percent, at 63.97 cents per lb. It traded within a range of 63.78 and 64.14 cents a lb. Just 5,861 contracts changed hands in the front-month contract, the lowest volume since October 28.
The following deals reported: 400 bales from Khairpur at Rs 5375, 200 bales from Pano Aqil at Rs 5550, 400 bales from Ghotki at Rs 5550, 400 bales from Hasilpur at Rs 4950, 200 bales from Fort Abbas at Rs 5100, 400 bales from Kachiwal at Rs 5190-5275, 200 bales from Layyah at Rs 5250, 400 bales from Yazman Mandi at Rs 5300, 400 bales from Faqirwali at Rs 5300, 200 bales from Shujabad at Rs 5350, 600 bales from Mianwali at Rs 5490-5525, 200 bales from Gojra at Rs 5500 and 600 bales from Sadiqabad at Rs 5600, dealers said.
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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 1-1/32"
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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 30-12-2015
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37.324 kg 5,200 135 5,335 5,335 NIL
Equivalent
40 kgs 5,573 145 5,718 5,718 NIL
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