Related Keywords: business remained passive, cotton bales, due to long week end, leading buyers kept sidelines, official spot rate, Pakistan cotton market, ready business, seed cotton prices
Due to long week-end on account of Eid-ul-Azha holidays, business remained passive on the cotton market on Tuesday, dealers said. Leading buyers kept on the sidelines. In the ready business, around 8,000 bales of cotton changed hands between Rs 4750 and Rs 4900.
In Sindh, seed cotton prices recovered overnight gains, rising by Rs 50 to Rs 2350 and Rs 2450 and in Punjab prices were at Rs 2300 and Rs 2450. While the official spot rate maintained overnight level at Rs 4,700, dealers said.
