LAHORE: The local cotton market on Wednesday remained bearish and the trading volume remained low.
Cotton analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh as per quality is in between Rs 16,700 and Rs 17,800 per maund, while rates in Punjab are in between Rs 17,000 and Rs 17,800 per maund.
Around, 400 bales of Faqeer Wali were sold in between Rs 17,200 to Rs 17,600 per maund, 200 bales of Hyderabad were sold at Rs 17,500 per maund and 200 bales of Fort Abbas were sold at Rs 17,200 per maund.
The Spot Rate remained unchanged at Rs 17,500 per maund. Meanwhile, polyester fiber prices were reported at Rs 351 per kilogram.
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