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Related Keywords: anticipated short supply of better grades, demand for better lint grades, KCE, kept trading firm, leading buyers fortified their long positions, Lint market, making deals for better grades of cotton, Spinners, spot rate remained firm, upcoming trading sessions

At lint market, demand for better lint grades kept trading firm. Leading buyers fortified their long positions by making deals for better grades of cotton at Rs 6,700-Rs 6,750 per maund, on the back of anticipated short supply of better grades during upcoming trading sessions.

Demand for better grades of lint would keep quality conscious buyers make forward deals for a month’s delivery period in coming days.

Related Keywords: amid increase in demand, cotton bales, Ex-Karachi rateso remained firm, ginning factories, Karachi cotton exchange, local market remain steady, new crop, nine transactions recorded, spot rate remained firm, witnessed active trading

Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.

According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.

Related Keywords: active trading prevailed at KCE, cotton bales, Cotton market, couple of big deals, indicated spinners keen to get maximum stocks from local source, KCA, pushed Cotton prices to a new seasonal record high, replenish their stocks, spot rate remained firm, strong demand, Sustained demand from needy spinners, Tight supply of quality cotton

Sustained demand from needy spinners to replenish their stocks over tight supply of quality cotton and strong demand pushed Cotton prices on Wednesday to a new seasonal record high. There were a couple of big deals which indicated spinners are keen to get maximum stocks from local source.

However, active trading prevailed at the Karachi Cotton Exchange on Wednesday, while spot rates remained firm.

Related Keywords: buyers and sellers, buyers purchased, Cotton market, entangled in price war on second grade stuff, fine grade lint, ginning unit, KCA, making eals for fresh fine lots, slightly higher price, spinner and miller, spot rate remained firm, textile sector, three hundred bales changed hands, trading session

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund.

According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.