Thursday, 11 February 2016
Lack of buying interest seen on the cotton market on Wednesday as most of participants were on the sidelines in the absence of motivating factors, dealers said. The official spot rate was unchanged at Rs 5,350, dealers said. In Sindh, prices of seed cotton low type was lower by Rs 200 to Rs 1600 and Rs 2800, in the Punjab, rates were down by Rs 50 to Rs 2000 and Rs 3000, they said. In the ready business, around 3,000 bales of cotton changed hands between Rs 4800 and Rs 5625, they said.