Related Keywords: arrival of imported cotton, cotton bales, cotton traders, major buyers expected decline in rates, needy mills took interest in fresh buying, official spot rate, Pakistan cotton market, prices improved modestly, recovered overnight loss, with improvement in volume of business
At cotton market as some needy mills took interest in fresh buying, with improvement in volume of business, prices also improved modestly on Saturday, dealers said. According to the market sources, mills and spinners showed their interest in fresh buying to meet requirements.
The official spot rate recovered overnight loss by Rs 50 to Rs 5,550, dealers said.
In ready session, around 5000 bales of cotton changed hands between Rs 5500 and Rs 5750.
