Related Keywords: amid strong physical prices, around nine thousand bales changed hands, Cotton market, Karachi cotton exchange, KCA, Leading buyers eager for quality lint, moderate trading activity, new crop delay, spot rate unchanged, spot rates increased as very little stocks were left with the ginners, trading remained slow
Moderate trading activity witnessed at the cotton market amid strong physical prices with around 9,000 bales changed hands. While, at the Karachi Cotton Association (KCA) spot rate unchanged at Rs 6,700 per maund, fibre traders said.
Leading buyers remained eager for quality lint and bought fine lots on slightly higher prices during the trading session.
According to senior trader, Ghulam Rabbani, leading buyers were concentrating on better grades and the ginning units kept maintaining quality as big groups were making deals for future needs.
