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Better volumes of second grade of lint kept the trading firm, traders at the Karachi Cotton Association (KCA) said on Tuesday. Buyer remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.
KCA kept the spot rate intact at Rs 5,500 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.
