950821

Few price

changes on

Jodia Bazar

RECORDER REPORT

KARACHI: Firmer conditions obtained on Jodia Bazar where variations were few, namely, in powdered milk, chemicals, tea and paper. However, dyes, jute goods and Kirana remained put at previous close.

Tea had just a couple of changes in the inferior quality Kenyan tea. The auction report showed that only low quality teas were put on sale without transpiring any major upset, Teas from China, Indonesia, Tanzania, and Rwanda were quoted at unchanged level. The two changes were in Kenyan dust plus C grade and C grade, higher by Rs 5 and Rs 6 respectively.

Powdered milk maintained its climb upwards in the wake of soaring prices in the countries of manufacture. Consumers, however, felt hurt as withdrawal of Sales Tax (ST) did not benefit them. Skimmed Haleeb and Nurpur turned stronger by Rs 100 but Former Jack rose by only Rs 25. Full Cream Instant Klohri Gold conceded Rs 100, Creme shed Rs 40 but Mix Me gained Rs 20.

Chemicals and dyes were steady. The only change was seen in sodium sulphide China which dipped by Rs 1.30. There was no life in trading of these items due to lack of exports, traders said.

PAPER MARKET

Business in paper market is not picking up for several months. Since sales have gone down due to rising trend in prices, investments have not been coming forth. Existing stocks are catering to the needs of the people. In the matter of newsprint a trader responded negatively on reports that the government will consider pleas of the consumers. However, kraft paper from Shanghai 30 27.5"x39.5" gained Rs 50, and 35"x47" was up by Rs 100. Newsprint 40"/20"x30" rose modestly by Rs 5.