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Price remained in red zone due to dull trading at lint market

Related Keywords: capitalize maximum returns, dull as buyer showed eagerness for quality lots, grade issue, Karachi Cotton Association, keeping physical price in red zone, of influx of better grade, readjust spot rate, Spinners, spot rate, Trading activity at lint market

Trading activity remained dull as buyer in lint market showed eagerness for quality lots keeping physical price in red zone on Wednesday said, traders at the Karachi Cotton Association (KCA).

During the trading session, spinners in Sindh and Punjab stations bought all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,350 per maund in order to capitalize maximum returns on their proceeds, said floor brokers.

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