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Related Keywords: cotton bales, cotton market on Tuesday, cotton traders, official spot rate stayed unchanged, seed cotton prices rise, Sluggish business, textile sector, Trade enchancement package, trading activity remain firm

In the process of sluggish business, trading activity remain firm at cotton market on Tuesday, dealers said. The official spot rate also stayed unchanged at Rs 6500.

In Sindh, seed cotton prices were at Rs 3100-3450, while in Punjab, phutti rates were at Rs 3100 and Rs 3650, as per 40 kg. In the ready session, over 3,000 bales of cotton changed hands between Rs 6400 and Rs 6750.

According to expers, cotton traders welcomed issuance of the SRO and hoping for better outcome of incentives given to revive the textile sector.

Related Keywords: ahead of Eid-ul-Azha holidays, amid strong demand from spinners, cotton bales, Cotton market, Cotton prices remain firm, due to increase in supply of Phutti, keen to replenish their stocks, long-time, official spot rate stayed unchanged, prices halted decline, prices of cotton, seed cotton prices, under pressure

Cotton prices remain firm amid strong demand from spinners, who were keen to replenish their stocks ahead of Eid-ul-Azha holidays at cotton market on Friday, dealers said. The official spot rate stayed unchanged at Rs 5,850. Some brokers said that after a long-time, prices halted decline.

In Sindh, seed cotton prices were at Rs 2800-3050 and in Punjab rates of Phutti were at Rs 2500-2900, as per 40 kg, they said. In ready business, around 15,000 bales of cotton changed hands between Rs 6000 and Rs 6100, dealers said.