Related Keywords: buyers made selective deals, eyeing domestic better grades, Karachi Cotton Association, leading buyers, making forward deals at premium prices, on grade issue, raw grade stuff, Second grade of lint for blending purposes, spot rate unchanged, strengthened long positions
The buyers made selective deals on grade issue and also strengthened their long positions by making forward deals at premium prices, traders at Karachi Cotton Association (KCA) said. KCA kept spot rate unchanged at Rs 6,750 per maund.
Sellers withholding better grades remained in the driving seat due to paucity of premium stuff while KCA remained busy taking steps to provide maximum benefit to the weak stakeholders to capitalise maximum on their raw stuff, floor brokers said.
