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Fine lint continues to be in demand

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During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

General price kept leading buyers active on Pakistan cotton market

Related Keywords: buyer remained alert, competitive price, cotton growing belts, cottong growers, decline in spot rate, general price, grade issue, kept leading buyers active, Pakistan cotton market, Spinners in Sindh and Punjab stations, textile sector, trading session

Buyer remained alert and only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate. While general price kept the leading buyers active on Wednesday.

KCA kept the spot rate intact at Rs 5,450 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, according to floor brokers.

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