Related Keywords: Fairly small trade activity, KCA, leading buyers, little interest in fresh buying, new arrival of crop, Pakistan cotton market, spot rate, under pressure over GIDC issue
Fairly small trade activity was witnessed at Pakistan cotton market on Monday as some leading buyers kept on the sidelines due to little interest in fresh buying, according to dealers.
At Karachi cotton exchange, the official spot rate remained static at Rs 5450.
According to Cotton analyst, Naseem Usman, mills are still under pressure over the issue of GIDC and on the other hand the ginners were selling their stuff before arrivals of new crop.
