Related Keywords: amid firm physical price, bargaining prices, Cotton market, Ginners, KCA. spot rate stood unchanged, majority buyers bought second grade lint, remains selective, textile sector, trading activity, trading session. cotton bales
Trading activity at the cotton market remains selective amid firm physical price. Floor brokers said that majority of buyers bought second grade lint on bargaining prices at around Rs 6,425 per maund during the trading session. Around 960 cotton bales changed hands.
The Karachi Cotton Association (KCA) spot rate stood unchanged at Rs 6,250 per maund.
A senior trader, Ghulam Rabbani said that leading buyers were ready to pay premium price for fine grades and the ginning units in Sindh and Punjab stations were maintaining quality on demand from textile made-up and yarn sector.
