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Related Keywords: Cotton market, needy spinners and mills, official spot rate remain unchanged, prices were matching psychological levels, Punjab rates of Phutti were higher, seed cotton prices gained, slow demand for cotton yarn, took part in fresh deals, Trading activity started improving

Trading activity started improving as needy spinners and mills took part in fresh deals as prices were matching with their psychological levels on the cotton market on Friday according to market sources.

The official spot rate remain unchanged at Rs 5,900, dealers said. In Sindh, seed cotton prices gained Rs 200 to Rs 3100-3200 and in Punjab rates of Phutti were higher by Rs 200 to Rs 2900-3100, as per 40 kg.

In ready business, over 4000 bales of cotton changed hands between Rs 5975 and Rs 6150, dealer said.

Related Keywords: cotton bales, failed to finalize deals in huge way, ginners have very little quantity of stock at present, needy spinners and mills, official spot rate unchanged, Pakistan cotton market, showing interest in small deals

With needy spinners and mills showing interest in small deals, a slight improvement was seen on Tuesday at the cotton market. However, the spinners have failed to finalize deals in a huge way as the ginners have very little quantity of stock at present, dealers said.

The official spot rate remained unchanged at Rs 5,200 while in Punjab prices were at Rs 2400 and Rs 3000 and in the ready business, over 3,000 bales of cotton changed hands between Rs 5200 and Rs 5500