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Related Keywords: absence of demand for cotton yarn and fabrics, amid high cotton prices, continued till the end of the session, cotton bales, cotton market on Monday, KCA, little trading interest from the outset, rising import of cotton, Slow trading activity witnessed, spinners booked cotton bales for import, spot rate firm

Slow trading activity witnessed amid high cotton prices and the absence of demand for cotton yarn and fabrics at cotton market on Monday. There was little trading interest from the outset which continued till the end of the session, brokers said.

The Karachi Cotton Association’s spot rates were firm at weekend level.

Rising imports of cotton also slowed down trading on the domestic market. Brokers said that big spinners have already booked 2.2 million cotton bales for imports and have already purchased higher quantity of around 9m bales from domestic market.

Related Keywords: cotton market on Monday, cotton prices, exporters and millers, fresh buying interest, no fears of supply shortage going forward, official spot rate slight higher, recovered slightly, sustained buying, volume of business increased

The cotton prices recovered slightly at cotton market on Monday due to sustained buying by exporters and millers as there are no fears of supply shortage going forward, dealers said. The official spot rate was slight higher by Rs 50 to Rs 5,950. According to the market sources, volume of business increased due to fresh buying interest.