slow down in trading activity

Slow down in trading activity at cotton market

Related Keywords: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/ 40kg. Ex-Karachi rates also remained unchanged at Rs7,145/ maund and Rs7,657/ 40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Dull trading activity was seen at cotton market due to limited stock

Related Keywords: delay in new crop arrival, floor brokers, held by ginners, KCA, limited stock, Pakistan cotton market, slow down in trading activity, spot rate, steady at previous level, textile industry worried, world cotton market

Pakistan cotton market witnessed slow down in its trading activity on Saturday after staying active for entire week. According to floor brokers, they expected hiatus in activity due to limited stocks held by ginners. The Karachi Cotton Association (KCA) spot rates were steady at previous level.

However, there was demand from some needy mills, but ginners demanded higher rates for their limited cotton stocks. Barring a few deals, which were mostly finalized on high rates, activity on the market remained devoid of enthusiasm.

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