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Slow pace of trading as buyers made selective deals for second grade lint

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A slow pace of trading in the lint market witnessed as buyers made selective deals for second grade of lint, while forward deals were also made for better grades, traders said.

During the trading session, spinners and mills in Sindh and Punjab stations made deals for second grade lint, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,775 per maund in order to capitalise maximum returns on their proceeds.

Moderate buying seen at lint market with firm phsical price

Related Keywords: anticipating decline in spot rate, buyers made deals on slightly higher price, leading buyer stayed cautious, made deals for fine grades on competitive price, made deals to meet their immediate need of lint, Moderate buying, physical price stood firm, seen at lint market, Spinners in Sindh and Punjab stations, the Karachi Cotton Association

Moderate buying was seen at lint market while physical price stood firm, said floor brokers. According to traders at the Karachi Cotton Association (KCA) some buyers made deals on slightly higher price.

During the trading session, buyers in Sindh and Punjab stations bought all grades on cautious note as grade issue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,975 per maund in order to capitalise maximum returns on their proceeds, floor brokers said.

General price kept leading buyers active on Pakistan cotton market

Related Keywords: buyer remained alert, competitive price, cotton growing belts, cottong growers, decline in spot rate, general price, grade issue, kept leading buyers active, Pakistan cotton market, Spinners in Sindh and Punjab stations, textile sector, trading session

Buyer remained alert and only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate. While general price kept the leading buyers active on Wednesday.

KCA kept the spot rate intact at Rs 5,450 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, according to floor brokers.

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