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Trading at cotton market improves

Related Keywords: classes of cotton varieties, Ex Karachi rates also increased, Karachi cotton exchange, official spot rate, or base price was fixed, showed improvement on Monday, spot rates increased Rs fifty per maund, the Karachi Cotton Association, trading activity

Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.

Moderate buying seen at lint market with firm phsical price

Related Keywords: anticipating decline in spot rate, buyers made deals on slightly higher price, leading buyer stayed cautious, made deals for fine grades on competitive price, made deals to meet their immediate need of lint, Moderate buying, physical price stood firm, seen at lint market, Spinners in Sindh and Punjab stations, the Karachi Cotton Association

Moderate buying was seen at lint market while physical price stood firm, said floor brokers. According to traders at the Karachi Cotton Association (KCA) some buyers made deals on slightly higher price.

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

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