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Related Keywords: blending purposes, buyers made deals, cotton bales, Cotton market, deals in second grade of lint, demand for better grades of lint, premium price, remained dominant, remained on higher side, Sindh and Punjab stations, strengthen long positions, trading session

During the trading session at cotton market, demand for better grades of lint remained on higher side and buyers made deals on premium price to strengthen their long positions while deals in second grade of lint remained dominant for blending purposes.

Secondary buyers made deals for all grades of lint while dealings in second grade of lint changed hands at around Rs 6,500 per maund to Rs 6,525 per maund.

Related Keywords: all grade of lint, ask highter price, buyers made deals, cotton bales, domestic market, forward deals for a month period, growing demand of all grades, Karachi cotton assoication, Lint market stood positive, quality on top priority, sellers remained in driving seat, strong spot rate, trading session

Lint market stood positive during trading session as buyers made deals for all grades of lint, they also made forward deals for a month period amid strong spot rate. The Karachi Cotton Association (KCA) kept spot rate of Rs5,400 per maund.

The sellers remained in driving seat as they ask price on their own terms on growing demand of all grades that kept market sentiments on higher side despite shrinking domestic fine stocks, floor brokers said.

Majority of the ginning units produced second grade lint to around 4,000 bales out of total output of around 9,600 bales on higher demand.

Related Keywords: arrival of cotton seed, better grades at slightly higher price, buyers made deals, changing spot rate during trading session, forward deals, KCA, lint market in Pakistan, mills and spinners, Moderate trading

Moderate trading was witnessed at lint market in Pakistan with buyers making deals for better grades on slightly higher price amid changing spot rate during trading sessions past week. Buyers also made some forward deals on back of grade issue at around Rs 5,050 per maund to Rs 5,075 per maund, traders said on Saturday.

According to floor brokers, prices remained within the reach of buyers with some cautious activity. The Karachi Cotton Association (KCA)’s spot rate remained firm to stay at Rs 4,550 per maund.