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Cotton market remains sluggish      
      
 
KARACHI (April 01 2004): Trading in cotton was not reported by the operators till the usual office hours, relevant sources said. They said deals were to land late in the evening.

However, the official spot rate of grade III cotton was left unchanged at Rs 2950 without ST and upcountry expenses.

From New York signal was in the negative. May was reported down 0.45 cent to Rs 65.10 cents and July down 0.28 cent to 66.90 cents a pound.

A couple of deals in addition to what was reported on Tuesday were 400 bales of Sadiqabad, done at Rs 2700, and 800 bales of Burewala at Rs 3100.


Courtesy Business Recorder           
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