Increase in cotton price at the Karachi Cotton Exchange led to a decrease in trading activities on Monday. The spot price for cotton increased by Rs 50 per maund to Rs 6,750 per maund (approx. 37 kg). The demand for cotton yarn was strong in the domestic market, but exports of textile items reduced resulting in spinners staying away from the trading ring.
Spot rate of cotton increased to Rs 7,234 per 40 kg, along with Ex-Karachi rates that went up by Rs 135 and Rs 145 to Rs 6,885 per maund an