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Related Keywords: amid strong physical prices, around nine thousand bales changed hands, Cotton market, Karachi cotton exchange, KCA, Leading buyers eager for quality lint, moderate trading activity, new crop delay, spot rate unchanged, spot rates increased as very little stocks were left with the ginners, trading remained slow

Moderate trading activity witnessed at the cotton market amid strong physical prices with around 9,000 bales changed hands. While, at the Karachi Cotton Association (KCA) spot rate unchanged at Rs 6,700 per maund, fibre traders said.

Leading buyers remained eager for quality lint and bought fine lots on slightly higher prices during the trading session.

According to senior trader, Ghulam Rabbani, leading buyers were concentrating on better grades and the ginning units kept maintaining quality as big groups were making deals for future needs.

Related Keywords: amid strong physical prices, better grades of lint remained in focus, buyers made deals for better second grade of lint, Karachi cotton exchange, meet domestic as well as international commitments, remain slow, spot rates remained unchanged, trading activity, volumes remained moderate, yarn and cloth

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, as better grades of lint remained in focus amid strong physical prices. Traders said that the volumes remained moderate as buyers made deals for better and second grade of lint to meet their domestic as well as international commitments of yarn and cloth.

Spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.