Related Keywords: around three hundred bales changed hands, Eid holidays kept activity of spinning sector dull, forward deals that matured before Eid change hands, hindering deliveries, KCA, lint prices stood firm, Non availability of transportation, on first day, spot rate intact, traders at cotton market, trading session after Eid holidays
Eid holidays kept the activity of spinning sector dull while forward deals that have been matured before Eid change hands. Non-availability of transportation has been hindering the deliveries. During trading session after Eid holidays and on first day, the lint prices stood firm, traders at cotton market said. Around 300 bales changed hands.
The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,700 per maund with forward deals for better lint in focus, fibre traders said.
