Related Keywords: according to their immediate need of lint, anticipation of a decline of spot rate, back of the grade issue, forward trading, grade issues, Karachi Cotton Association, leading buyers remained selective, market sentiments were firm, other buyers made deals, second grade lint, spot rate
The leading buyers remained selective on grade issues while other buyers made deals according to their immediate need of lint on the back of the grade issue and in anticipation of a decline of the spot rate. The market's sentiments were firm on forward trading, traders at the Karachi Cotton Association (KCA) said.
During the trading session, buyers of Sindh and Punjab stations made deals for better grades on a cautious note, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,425 per maund in order to capitalize maximum returns on their proceeds, brokers said.
