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Related Keywords: cotton growing areas, Cotton market, due to monsoon rains, grade issue at lint market, Karachi cotton Association, Karachi cotton exchange, leading buyers made cautious deals, only single transaction recorded, remains dull, spot rate firm, spot rate intact, trading activity

Trading activity at the Karachi Cotton Exchange on Thursday remains dull due to monsoon rains in the cotton growing areas of Sindh and Punjab with only single transaction of 200 bales of Sanghar at Rs6,300/maund recorded in the cotton market.

The spot rates remained firm at Rs6,300/maund (37.324kg) and Rs6,752/40kg.Ex-Karachi rates also stood unchanged at Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, the trading activity might remain slow in the coming days, as well, as more rains are predicted.

Related Keywords: around three hundred bales changed hands, Eid holidays kept activity of spinning sector dull, forward deals that matured before Eid change hands, hindering deliveries, KCA, lint prices stood firm, Non availability of transportation, on first day, spot rate intact, traders at cotton market, trading session after Eid holidays

Eid holidays kept the activity of spinning sector dull while forward deals that have been matured before Eid change hands. Non-availability of transportation has been hindering the deliveries. During trading session after Eid holidays and on first day, the lint prices stood firm, traders at cotton market said. Around 300 bales changed hands.

The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,700 per maund with forward deals for better lint in focus, fibre traders said.

Related Keywords: anticipation of decline in spot rate, buyers made deals on slightly higher price, capitalize maximum returns on proceeds, Dull trading seen at lint market, fine grades on competitive price, KCA, meet immediate need of lint, on back of grade issue, physical price stood firm, spot rate intact

Dull trading was seen at lint market as buyers made deals on slightly higher price according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate, while physical price stood firm, floor brokers said.

KCA kept the spot rate intact at Rs 5,750 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.