Related Keywords: buyers bought all qualities of lint, cotton trading remained firm, growing demand of garments, high prices to the buyers, Karachi Cotton Association, leading ginners, offered by ginners, offered few stocks, sensing future demand of quality lint, slightly higher prices, spinners bought quality cotton, steady spot rate, trading session, yarn
During the trading session, buyers bought all qualities of lint offered by the ginners, leading ginners sensing future demand of quality lint offered few stocks on high prices to the buyers. While, spinners bought quality cotton on slightly higher prices during the session.
The cotton trading remained firm amid steady spot rate and around 1,500 bales changed hands.
Ghulam Rabbani, a senior trader said that the buyers were accepting a bit higher prices as the leading millers bought around 900 bales at Rs around 6,575 per maund during the session.
