Related Keywords: anticipating decline in spot rate, buyers made deals on slightly higher price, leading buyer stayed cautious, made deals for fine grades on competitive price, made deals to meet their immediate need of lint, Moderate buying, physical price stood firm, seen at lint market, Spinners in Sindh and Punjab stations, the Karachi Cotton Association
Moderate buying was seen at lint market while physical price stood firm, said floor brokers. According to traders at the Karachi Cotton Association (KCA) some buyers made deals on slightly higher price.
During the trading session, buyers in Sindh and Punjab stations bought all grades on cautious note as grade issue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,975 per maund in order to capitalise maximum returns on their proceeds, floor brokers said.
