Related Keywords: Cotton market, cotton prices expected to increase, cotton prices firm, increase cotton demand, KCA, leading mills, Moderate trading activity witnessed, nine thousand bales changed hands, purchased cotton of all qualities, Spinners, spot rate remain intact, trading session
Moderate trading activity witnessed at the cotton market, as more than 9,000 bales changed hands. Dealers said that the leading mills and spinners purchased cotton of all qualities during the trading session.
The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,700 per maund. While, the physical market prices remained between Rs 6,350 per maund and Rs 6,600 per maund.
The mills bought quality cotton on slightly higher rates while spinners of Sindh strengthened their long positions.
