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.
