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Cotton prices at KCA continue to fluctuate

08
Dec '08
The business in the market remained slack. One of the reasons could be attributed to the forthcoming Eid-ul-Azha on December 9, and most of the transporters are on leave.

In the local market small quantities of cotton were traded. 800 bales from Sanghar were sold at Rs2735-Rs2800; 6000 bales from Rahim Yar Khan at Rs3000; 3000 bales from Ahmed Pur and 800 bales from Bahawal Pur were traded at Rs3000; 2000 bales from Rajan Pur at Rs2950-Rs3000; 1400 bales from Ali Pur at Rs2900-Rs3000, 1000 bales from Shadan Lund at Rs3000; 800 bales from Shah Jamal exchanged hands at Rs2825.

The spot rate, on Friday, at KCA stood at Rs2950 per maund. Domestic market showed lack of activities for coming holidays. Rare activities observed and recorded today.

In the local market very few contracts were executed in Sindh while the trading remained in a range of Rs2,850 to Rs3,000 per maund. In Punjab all the deals were struck between Rs2,900 - Rs3,000 per maund.

The spot rate at KCA stood still at Rs2950 on Saturday.


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