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 Cotton Analysis[1-1 of 1 stories]  

Cotton market witnesses moderate activity
LAHORE (September 03, 2010): Despite New York cotton futures and lint prices having risen to two and a half year high levels, local lint prices saw only moderate gains in a steady market. Recent decline of ready cotton prices in the domestic market indicates a major correctional factor as they had reached very high levels during the recent past, but now some demand seems to have appeared again.



Cotton prices stable despite conflicting reports on crop damage
KARACHI (August 30, 2010): Trading in cotton sustained despite fluctuating prices to meet the orders in hand making a balance. The spot rate leap was restricted, which opened unchanged at Rs 6300, in trading process it enhanced by Rs150 at Rs 6450 and week closing was seen at the same level on August 28,2010.



Bulls command, control cotton markets
KARACHI (August 30, 2010): Peak of the monsoon rains and floods is over and monsoon weather is on its last leg. However, after effects of the inclement weather would be there for longer time. Continued humid weather and growth of unwanted weeds, vegetation and grass in the fields may prompt attacks of plant pests and diseases in next month.



Cotton market remains steady
LAHORE (August 27, 2010): Barring a short-lived spike early this week which later petered out, cotton prices have more or less remained steady over the past one week or so. Some volatility creeps in and the market becomes fidgety due to uncertainty bred by rains and floods of gargantuan proportions which have created chaos and havoc over a large part of the country since last one month.



Cotton prices in ready, spot rates turn downwards sharply on increased phutti arrivals
KARACHI (August 23, 2010): Modest trading in cotton was marked as prices depicted variations. Spot rate raised by Rs 100 to Rs 6600 on the opening day, while rates in ready -- higher than spot rate - Rs 6700. After moving up and down spot rate was brought down to Rs 6300 and lint prices to Rs 6000-6550 on the week closing day on August 21,2010.



Cotton prices decrease on reports of registration of new Indian crop export sales
KARACHI (August 23, 2010): With the end of August month, monsoon rains may end but floods may continue for some time. September month may be crucial for cotton crop as pest / diseases attacks on cotton plants are feared. Ginning operation is getting momentum with the increase in arrivals.



Sharp decline in cotton prices
LAHORE (August 20, 2010): In a major correctional initiative, cotton prices fell precipitously on the ready market on Thursday ranging from Rs 300 to Rs 600 per maund (37.32 Kgs). Sindh prices conceded between Rs 100 to Rs 300 per maund while Punjab suffered a decline Rs 300 to Rs 600 per maund (37.32 Kgs) of cotton on Thursday compared to a day earlier.



Heavy rains, devastating floods causing heavy damage to cotton crop

KARACHI (August 16, 2010): Heavy rains and unprecedented devastating floods have not only jeopardised cotton crop but the national economy also. The rains are going on and so the floods and the damage to cotton crop cannot be ascertained at this stage.




Cotton trade presents spectrum of twists, turns in shortened week sans direction
KARACHI (August 16, 2010): The trading continued with caution as cotton looked up right from day one. The Karachi Cotton Association (KCA) kept on raising the spot rate from last week's Rs 6600 to Rs 7000 till Thursday. Similarly prices in ready touched Rs 7400 mark.



Prices slump on cotton market
LAHORE (August 13, 2010): After rising rapidly over the past several days on fears of crop damage, deterioration of quality and possible delay in arrivals, cotton prices conceded between Rs 100 to Rs 150 per maund (37.32 Kgs) in Sindh, while in the Punjab they slided by about Rs 300 to Rs 400 per maund on reported improvement in arrivals.


  

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The Rupee
Interbank closing rates for dollar on Thursday.
BuyingRs 85.60
SellingRs 85.64
Dollar recedes
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,554.27
KSE-30 Index 9,636.05
KSE-100 Index 9,762.89
LSE-25 Index 3,090.62
ISE-10 Index 2,516.63
Gold Per 10gm 33,900.00
KCA Spot Rate 6,300.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,320.10 0.49
Nasdaq 2,200.01 1.06
S&P 1,090.10 0.91
FTSE 5,371.04 0.10
DAX 6,083.85 0.05
CAC-40 3,631.43 0.21
Nikkei 9,062.84 1.50
H.Seng 20,868.82 1.19
Sensex 18,238.31 0.18
NY Closing
Euro 1.2824
Sterling 1.5394
Swiss Franc 1.0130
Yen 84.2700
Gold 1252.80
Cotton 89.490
Oil 74.92
Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
Trade Balance $-1.45 bln
Exports $1.78 bln
Imports $3.24 bln
WeeklySeptember 02, 2010
Reserves $16.12 bln
 









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