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Brisk demand for fine and second grade lint kept trading activity moderate at cotton market on Saturday. Moreover buyers made forward deals in all grades that kept market in firm frame past week, said traders at Karachi Cotton Association (KCA).

The KCA kept the spot rate at Rs 6,500 per maund while fine grade fetched better prices at around Rs 6,600 per maund on higher demand.

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At the lint market focus remained on fine lint keep trading activity range-bound, and the Karachi Cotton Association (KCA) spot rate remained unchanged at Rs5,3000 per maund. During the trading session, buyers made forward deals for quality lint for a month period on slightly higher prices at around Rs 5,650 per maund, said floor brokers. Around 300 bales changed hands.

Related Keywords: back of grade issue and low volumes, buyers made forward deals, fine bales, ginning unit, KCA, leading ginners, Lint market, production of textile made-ups, spot rate, stockpile of better grades, trading session

During the trading sessions in the past week, buyers at the lint market made forward deals on the back of grade issue and low volumes at around Rs 4,600 per maund to Rs 4,625 per maund, traders said on Saturday.

The buyers remained eager for fine grades at main stations of Punjab and Sindh, while majority of the ginneries produced all grades on the back of moderate influx of cottonseed.

Prices remained within reach of the buyers amid some cautious activity. The Karachi Cotton Association’s (KCA’s) spot rate remained firm to stay at Rs 4,500 per maund.