Thursday, 23 May 2013
RECORDER REPORT
Spot rate was raised by Rs 100 by the Karachi Cotton Association (KCA) amid improved business activity on the cotton on Wednesday, dealers said. The official spot rate gained Rs 100 to Rs 6,400 in a single day rally, they said. In the ready business, business activity accelerated as over 6,000 bales of cotton changed hand between 5850-6575, dealers said.