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Trading remains grade selective at cotton market

Related Keywords: amid firm spot rate at Karachi Cotton Association, better grades of lint, buyers consolidated their future positions, cotton bales, domestic market, fresh fine lots, making forward deals, on sellers asking price, pushing physical prices in green zone, remained grade selective, Sindh and Punjab stations, Trading at cotton market

Trading at cotton market remained grade selective while buyers consolidated their future positions with fresh fine lots making forward deals for better grades of lint on sellers' asking price pushing physical prices in green zone amid firm spot rate of Rs6,100 per maund at Karachi Cotton Association (KCA), traders said.

Floor brokers said that buyers bought all grades at around Rs 6,275 per maund to Rs 6,500 per maund and deals for fine and second grade lint for blending purpose remained sound that changed hands at around Rs 6,750 per maund on average during trading session.

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