KARACHI: Buyers strengthened their long positions during trading session at lint market. Physical prices remained favourable for buyers to obtain their deals matured. Around 1,260 cotton bales changed hands in a range between Rs 6,000 per maund to Rs 6,650 per maund in parts of Sindh and Punjab stations.
Ex-gin price per maund cotton remained at Rs 6,050 per maund and equivalent to around at Rs 6,507 per 40 kilogrammes. Arrival of seed cotton in Sindh and Punjab stations remained moderate, fibre traders said.
Published in Daily Times, September 14th 2017.