Related Keywords: but at the lower level, cotton bales, Karachi Cotton Association, left spot rates unchanged, market still remained devoid of much needed trading activity, Pakistan cotton market, recovers part of recent losses, Renewed buying interest
Pakistan cotton market recovers part of the recent losses with renewed buying interest on Wednesday but at the lower level. However, the market still remained devoid of much-needed trading activity.
Cotton prices after touching a peak level came under correction on profit-selling but now once again started bouncing back on renewed buying interest, brokers said.
Sluggish off-take of cotton yarn and textile products are dampening sentiment but some needy spinners rushed to replenish their stocks to meet their immediate needs.
