CPI Preview: Inflation to fall to around 17% YoY in April

Cotton prices jump to Rs21,000 per maund amid interest rate cut hopes

10:40
January 25, 2024

January 25, 2024 (MLN): Cotton spot rate rose to Rs21,000 per maund, witnessing a sharp increase of Rs1000 in a day compared to Rs20,000 per maund yesterday.

Recent days have seen cotton prices escalate sharply, with the price surging by Rs3000 per maund in the last 3 weeks.

Ahsanullah Haq, the Chairman of the Cotton Ginners Forum attributed this drop to the anticipation of a reduction in interest rates after yesterday’s MTB auction.

Moreover, cotton prices are rising globally, posing difficulties for importing raw cotton. International cotton futures (CT1) are up 5.57% this month to $85.51 per lb.

The continuously low temperature is also causing problems for farmers in sowing cotton.

Copyright Mettis Link News

Posted on: 2024-01-25T10:29:03+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.21000	278.41000	278.41000	278.21000	03:01 PM
2	EUR	1.06603	1.06606	1.06606	1.06603	03:25 AM
3	GBP	1.24846	1.24851	1.24851	1.24846	03:25 AM
4	CHF	0.92123	0.92131	0.92131	0.92123	03:25 AM
5	JPY	157.92300	157.94400	157.94200	157.93300	03:25 AM
6	CAD	1.37727	1.37740	1.37740	1.37728	03:25 AM
7	AUD	0.64803	0.64805	0.64805	0.64803	03:25 AM
8	INR	83.49810	83.50470	83.50470	83.49810	03:24 AM
9	SAR	3.75030	3.75070	3.75070	3.75030	12:25 PM
10	AED	3.67270	3.67300	3.67300	3.67270	12:25 PM
11	HKD	7.82124	7.82151	7.82151	7.82124	03:25 AM
12	CNH	7.24653	7.24713	7.24697	7.24681	03:25 AM
13	CNY	7.24010	7.24210	7.24210	7.24010	08:21 PM
14	THB	37.15500	37.17700	37.17700	37.15500	03:25 AM
15	MYR	4.76500	4.77000	4.77000	4.76500	09:01 PM
16	IDR	16,263.40000	16,269.50000	16,269.50000	16,263.40000	03:24 AM
17	SGD	1.36525	1.36534	1.36534	1.36525	03:25 AM
18	NZD	0.58860	0.58865	0.58865	0.58860	03:25 AM
19	MXN	17.11090	17.14090	17.14090	17.11090	03:25 AM
20	TRY	32.42550	32.44000	32.44001	32.42549	03:25 AM
21	SEK	11.02440	11.02720	11.02657	11.02501	03:25 AM
22	ZAR	18.72300	18.73250	18.73250	18.72360	03:25 AM
23	NOK	11.12430	11.12690	11.12690	11.12430	03:25 AM
24	DKK	6.99566	6.99621	6.99621	6.99566	03:25 AM
25	ARS	882.26800	882.41800	882.41767	882.26758	03:24 AM
26	BDT	108.79200	112.17000	112.17040	108.79234	11:58 PM
27	BHD	0.37673	0.37735	0.37735	0.37673	12:25 PM
28	BRL	5.19420	5.19720	5.19720	5.19420	03:20 AM
29	KRW	1,386.66000	1,388.66000	1,388.66000	1,386.66000	03:25 AM
30	KWD	0.30808	0.30818	0.30818	0.30808	12:25 PM
31	LKR	295.21700	301.78600	301.78570	295.21718	11:58 PM
32	OMR	0.38496	0.38503	0.38503	0.38496	12:25 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	12:24 PM
34	RUB	93.42000	93.44000	93.44000	93.42000	08:00 PM
35	AFN	72.02850	73.90520	73.90517	72.02845	11:58 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,671.50000	12,737.20000	12,737.16806	12,671.48353	11:58 PM
40	PHP	57.80800	57.88600	57.88600	57.80800	03:24 AM
42	NGN	1,399.23000	1,400.23000	1,400.23000	1,399.23000	11:58 PM
43	KES	132.39000	134.39000	134.39000	132.39000	11:58 PM
44	AMD	362.29900	418.60000	418.60007	362.29878	11:58 PM
45	TWD	32.60080	32.63080	32.63080	32.60080	03:25 AM
46	XAU	2,286.47000	2,286.69000	2,286.69000	2,286.47000	03:24 AM
47	XAG	26.42920	26.43620	26.43620	26.42920	03:24 AM
48	XPT	933.61100	943.11300	943.11280	933.61100	12:25 PM
49	XPD	940.25000	945.90000	945.90000	940.25000	12:25 PM
2,120	VES	36.33500	36.42830	36.42826	36.33504	08:00 PM
2,212	UGX	3,795.73000	3,880.19000	3,880.18805	3,795.73414	11:58 PM
2,213	TZS	2,560.37000	2,654.21000	2,654.20543	2,560.37083	11:58 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,119.66	71,102.546	71,059.63	-592.488	-0.826	232,912,683.0	15,336,124,598.570	30/04/2024 04:12 PM
ALLSHR	47,278.09	46,554.238	46,538.66	-356.311	-0.760	560,299,183.0	25,727,511,058.590	30/04/2024 04:12 PM
KSE30	23,730.85	23,394.660	23,378.10	-147.348	-0.626	106,961,771.0	11,758,106,827.530	30/04/2024 04:12 PM
KMI30	121,454.52	119,444.797	119,318.97	-817.829	-0.680	131,842,091.0	10,993,230,910.190	30/04/2024 04:12 PM
KMIALLSHR	33,864.99	33,272.389	33,250.69	-273.132	-0.814	338,632,747.0	21,233,492,197.410	30/04/2024 04:12 PM
BKTi	17,945.48	17,639.285	17,616.80	-103.073	-0.581	12,615,671.0	1,332,601,506.120	30/04/2024 04:12 PM
OGTi	17,190.77	16,785.146	16,701.89	35.227	0.210	36,944,204.0	4,716,148,597.860	30/04/2024 04:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	58,860.0	61,150.0	58,025.0	-540.00
BRENT CRUDE	EB	85.5	85.9	85.4	-0.85
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-2.60
ROTTERDAM COAL MONTHLY	ET	103.0	0.0	0.0	0.10
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.1	81.5	81.0	-0.88
SUGAR #11 WORLD	SB	19.4	19.8	19.3	-0.34

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