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Related Keywords: Buyers and sellers stayed away, cotton market on Tuesday, cotton stock, diminishing stocks and shortage of quality lint, dull and dreary conditions prevailed, KCA, market was directionless, outlook uncertain, spot rate, undertone was firm

As buyers and sellers stayed away, dull and dreary conditions prevailed on the cotton market on Tuesday. Overall, the undertone was firm but the outlook uncertain as the market was directionless due to diminishing stocks and shortage of quality lint.

According to market reports, no transactions were reported on the ready counter.

At the Karachi Cotton Association (KCA) did not change the spot rates, currently pegged at Rs7,400 per maund.

Related Keywords: availability of quality cotton, cotton market on Tuesday, cotton season, domestic market, KCA, lower level, ready counter, Renewed buying interest, resulted in some trading activity, spot rate, supply of quality lint, trading activity moderate

Trading activity remain moderate due to renewed buying interest at the lower level at the cotton market on Tuesday. However, the availability of quality cotton resulted in some trading activity.

Trading on ready counter was fairly moderate as needy spinners went for quality cotton. The following deals were reported to have changed hands on ready counter: 7,000 bales, Alipur, at Rs7,000; 400 bales, Jalalpur, at Rs7,100; 2,487 bales, Rahimyar Khan, at Rs7,300; and 800 bales also, Rahimyar Khan, at Rs7,000.

Related Keywords: barring a few small and needy spinners, cotton market on Tuesday, cotton yarn, dull trading, KCA, KCE, Poor demand for lint. leading spinners, spot rate, trading activity slow and restricted, trading ring gave a deserted look

Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Sluggish off-take of yarn locally and falling world cotton prices continued to depress lint rates. Leading spinners already having long positions were conspicuous by their absence.

At the Karachi Cotton Association (KCA) spot rates were firm at overnight level of Rs7,000 per maund.

Related Keywords: affect total cotton production, cotton market on Tuesday, disturbed the market, needy spinners, Negative growth in Punjab cotton production, outlook uncertain, overall sentiment remained weak, Renewed buying interest, witnessed trading activity resuming slightly

Renewed buying interest from needy spinners witnessed trading activity resuming slightly at the cotton market on Tuesday. However, overall sentiment remained weak and outlook uncertain. Negative growth in Punjab cotton production disturbed the market and will affect total cotton production. The last phutti arrival figures showed improvement due to higher cotton production in Sindh.

Related Keywords: amid dwindling stocks, cotton market on Tuesday, Karachi Cotton Association, kept its spot rates unchanged, lower exports of cotton yarn, preparations of the new crop, Slow trading activity continued

Slow trading activity continued on the cotton market on Tuesday amid dwindling stocks and lower exports of cotton yarn. The Karachi Cotton Association kept its spot rates unchanged at Rs6,800/maund (37.324kg) and Rs7,288/40kg.

Ex-Karachi rates also stood firm at Rs6,935/maund and Rs7,433/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: cotton bales, cotton market on Tuesday, ginners kept asking for higher prices, Karachi Cotton Association, limited stocks, lint, owing to short supply of quality cotton, spinners were reluctant to pay more, spot rate remained intact, Trading session remained moderate

Trading session remained moderate at the cotton market on Tuesday owing to short supply of quality cotton. The Karachi Cotton Association's (KCA) spot rate remained intact at Rs 6,800 per maund. While ginners kept asking for higher prices due to limited stocks, spinners were reluctant to pay more, brokers said.

According to a senior trader, Ghulam Rabbani, the volumes remained small with growing demand for better grades of lint on slightly higher price by the mills and spinning sector during the trading session.

Related Keywords: cotton bales, cotton market on Tuesday, cotton traders, official spot rate stayed unchanged, seed cotton prices rise, Sluggish business, textile sector, Trade enchancement package, trading activity remain firm

In the process of sluggish business, trading activity remain firm at cotton market on Tuesday, dealers said. The official spot rate also stayed unchanged at Rs 6500.

In Sindh, seed cotton prices were at Rs 3100-3450, while in Punjab, phutti rates were at Rs 3100 and Rs 3650, as per 40 kg. In the ready session, over 3,000 bales of cotton changed hands between Rs 6400 and Rs 6750.

According to expers, cotton traders welcomed issuance of the SRO and hoping for better outcome of incentives given to revive the textile sector.

Related Keywords: activity remained slow, cotton market on Tuesday, dull trading witnessed, Karachi cotton exchange, spot rates continued to remain unchanged, textile package., waiting the government announcement

Dull trading was witnessed at cotton market on Tuesday by Karachi Cotton Exchange, the spot rates continued to remain unchanged. According to traders, the activity remained slow in the market, waiting the government to announce textile package on Tuesday.

The spot rates stood firm at Rs6,350/ maund (37.324kg) and Rs6,805/40kg while the Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded domestic transactions of around 3,000 bales in between Rs6,150/maund to Rs6,625/maund.