Related Keywords: Cotton market, cottonseed, hectic buying, Karachi Cotton Association, Phutti arrivals, spinning mill owner, trading activity
Some hectic buying was witnessed on the cotton market from spinning mill owners ahead of Eidul Fitr holidays due to which there was some improvement seen in trading activity on Thursday.
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Phutti arrivals could not improve as growers were reluctant to sell their produce at lower prices, but there were some weaker links among them trying to sell at prevailing low rates to meet their Eid-related expenses.
Deals were finalised at Rs5,850 and Rs6,000 in Punjab and Rs5,800 and Rs5,950 in Sindh.
