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Cotton

Cotton

Technical textile resource centre being set up in NTU

First Technical Textile Resource Centre (TTRC) is being established in National Textile University (NTU) to provide technical support for the development of this important and potential sector of textile, said Dr Arshad Ali, Rector NTU. He was addressing
Published 17 Jun, 2015 12:00am
Cotton

Cotton hits near two-month low on technical signals, sell-stops

ICE cotton futures fell to their lowest in nearly two months on Monday as the December contract's close below major moving averages on Friday sent bearish technical signals and moves below recent lows triggered automatic sell-stops. "You hit sell stops on
Published 16 Jun, 2015 12:00am
Cotton

Oil cake market rates

The deliveries were lower on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The July vaida closed at Rs 1846.50 and it opened with a fall of Rs 4.00 at Rs 1842.50 in the morning session, they said. The December va
Published 16 Jun, 2015 12:00am
Cotton

Prices down on grain market

Less interest among buyers, pushed the rates of commodities lower on the wholesale grain market on Monday in the process of modest trading, they said. On the cereals side, Makai low variety dropped by Rs 350 to Rs 2250 and better type followed the same tr
Published 16 Jun, 2015 12:00am
Cotton

Elahi criticises Punjab budget

Pakistan Muslim League-Q senior central leader and former Punjab Chief Minister Ch Parvez Elahi has said that the poor people and their children will still remain without medicines, education and employment even after 8th provincial budget presented by th
Published 15 Jun, 2015 12:00am
Cotton

Mixed trend on grain market

Prices moved both ways on the wholesale grain market on Saturday in the process of modest trading, dealers added. On the cereals side, Moong Punjab was higher by Rs 625 to Rs 11500, Moong Afghan followed same pattern, picking up Rs 375 to Rs 12500, other
Published 14 Jun, 2015 12:00am
Cotton

Oil cake market rates

The July vaida was down on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 1847.00 and it opened with a fall of 50 paisa at Rs 1846.50 in the morning session, they said. The December v
Published 14 Jun, 2015 12:00am
Cotton

Cotton market: trade activity improves on rising demand

Prices halted decline on the cotton market on Saturday as needy spinners indulged in buying to meet their needs, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 5000 bales of cotton changed hands bet
Published 14 Jun, 2015 12:00am
Cotton

UN chief wraps Central Asia visit, citing rights fears

United Nations General Secretary Ban Ki-moon on Saturday warned of a worsening rights situation across Central Asia, as he ended a visit to energy-rich Central Asia in ex-Soviet Turkmenistan. Ban said he "heard concerns about the deterioration of some asp
Published 14 Jun, 2015 12:00am
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2015 12:00am
Cotton

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.010 billion. The number of lots traded was 11,869. PMEX Commodity Index closed at 2,721. Major business was contributed by crude oil amounting to PKR 1.248 billion followed by gold
Published 13 Jun, 2015 12:00am
Cotton

Subdued business on cotton market

Thin activity was seen on the cotton market on Friday as leading participants were on the sidelines in the absence of guiding factors, dealers said. The official spot rate was unchanged at Rs 5450, they said. Nearly 1000 bales changed hands between Rs 550
Published 13 Jun, 2015 12:00am
Cotton

Smuggling appears prevalent under the guise of ATT: PBC

"Smuggling appears prevalent under the guise of Afghan Transit Trade (ATT)." This was stated in a brief analysis conducted by Pakistan Business Council (PBC) on selected trade and manufacturing data for Pakistan. It said that large quantities of commoditi
Published 13 Jun, 2015 12:00am
Cotton

Cotton gains after sharp drop on China plans to release reserves

ICE cotton gained on Friday to end the week up after a sharp drop the prior session on news top consumer China would begin releasing its massive stockpile, as some investors covered short positions. "There might be some short-term guys that were short on
Published 13 Jun, 2015 12:00am
Cotton

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.548 billion as compared to PKR 2.300 billion reported on Tuesday, an increase of 54 percent. The number of lots traded also increased by 25 percent to 17,444. PMEX Commodity Index
Published 12 Jun, 2015 12:00am