Related Keywords: cotton arrival, Cotton market, Karachi cotton exchange, kept trading activity brisk, needy spinners, pushed lint prices higher, rising trend in prices, second consecutive session on Thursday, selling pressure checked, some exporters, spot rate, strong demand, trading session
Strong demand from needy spinners and some exporters pushed lint prices higher and kept trading activity brisk on the cotton market for the second consecutive session on Thursday. Consequently, during second half of the trading session selling pressure checked the rising trend in prices.
However, by and large buyers remained in the forefront and tried to get hold of quality lots. As a result prices moved higher by Rs50 in ready trading. The official spot rates were also revised higher by Rs50 to Rs6,100 per maund.
