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300 cotton bales change hands as spot rate remains at Rs 5,400/maund

byCT Report
22/01/2016
in Business
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KARACHI: The cotton market remained bullish as about 300 bales changed hands, however, the spot rate remained unchanged at Rs 5,400 per maund.

According to KCA, 100 bales of Hyderabad changed hands at Rs 5,100 per maund, 100 bales of Bahawalnagar at Rs 5,050 per maund, 100 bales of upper Sindh at Rs 5,000 per maund and 100 bales of southern Punjab at Rs 5,225 per maund. In domestic market buyers would remain keep an eye on quality lint on the back of growing demand of cloth and yarn.

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