16,000 cotton bales change hands between Rs4650-4900, spot rate up by Rs50 to Rs4,700

KARACHI: Spot rate of cotton increased amid slow trading as major trading centres were closed to mourn Peshawar massacre.

According to dealers, the official spot rate picked up by Rs50 to Rs4,700. They said that in the ready session, about 16,000 bales of cotton changed hands between Rs 4650-4900. In Sindh, prices were unchanged at Rs 1600 and Rs 2400, in Punjab prices also held the overnight levels at Rs 2000 and Rs 2600, they added.

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The following deals reported: 600 bales from Bahawal Nagar at Rs 4650-4700, 1600 bales from Bahawalpur at Rs 4750-4800, 1000 bales from Ahmedpur at Rs 4750-4800, 1000 bales from Dera Ghazi Khan at Rs 4800-4850, 1000 bales from Alipur at Rs 4800-4850, 1000 bales from Layyah at Rs 4850, 1000 bales from Liaquatpur at Rs 4850-4950, 4000 bales from Khanpur at Rs 4850-5000, 2000 bales from Sadiqabad at Rs 4850-5000, 2000 bales from Rahim Yar Khan at Rs 4850-5000 and 1000 bales from Mianwali at Rs 4900.