Related Keywords: buyers and sellers, buyers purchased, Cotton market, entangled in price war on second grade stuff, fine grade lint, ginning unit, KCA, making eals for fresh fine lots, slightly higher price, spinner and miller, spot rate remained firm, textile sector, three hundred bales changed hands, trading session
During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers.
The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund.
According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.
