Related Keywords: all kinds of cotton, Karachi cotton exhange, offered prices attractive, Pakistan local market, renewed demand, spot price, textile mill owners, trade turnover increased
Pakistan local markets witnessed renewed demand in almost all kinds of cotton after traders found the offered prices attractive. Trade turnover of cotton increased doubled to 6,000 bales (of 155 kilogram each), as several textile mill-owners found the offered price attractive to have bought the commodity, said a dealer at Karachi Cotton Exchange on Tuesday.
A few exporters took positions in low quality cotton.
The Karachi Cotton Association kept its official rate unchanged for the third working day at Rs5,450/maund.
