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Related Keywords: buyers remained on the sidelines, buying local cotton, cut in the sales tax and Customs duty on cotton imports, dull trading, Ex-Karachi rates also remained unchanged, four transactions recorded, Karachi Cotton Brokers Association, Karachi cotton exchange, Prices of cotton and yarn in the local market dropped, spot rates unchanged

Dull trading was seen at the Karachi Cotton Exchange on Saturday, while spot rates continued to remain unchanged at Rs7,500/maund (37.324kg) and Rs8,038/40kg.

Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

A total of four transactions were recorded of around 2,500 bales only at a price of Rs6,900 to Rs7,800/maund. Of these, 1,000 bales each were recorded from Rahimyar Khan and Haroonabad, 440 bales from Mianwali and 800 bales were traded from DG Khan.

Related Keywords: Cotton market, cotton prices, fairly moderate activity, Ginners, import options, Karachi Cotton Association, replenished stocks at lower level, revival of buying interest, Spinners, spot rates unchanged, substantial export orders, trading ring

Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

Related Keywords: cotton bales, Cotton market, cotton market in Pakistan remained steady, Despite world cotton market giving a mixed trend, Karachi Cotton Association, lack of buying interest from spinners witnessed, slow trading, spot rates unchanged, trading on ready counter was slow and restricted

Despite the world cotton market giving a mixed trend, the cotton market in Pakistan remained steady. The Karachi Cotton Association left its spot rates unchanged.

However, trading on ready counter was slow and restricted. Major deals that changed hands were 1,000 bales from Sadiqabad at Rs7,000 par maund (around 37 kilograms) and 800 bales from Haroonabad at Rs6,800 to Rs7,000.

Related Keywords: Cotton market, Karachi Cotton Association, lint prices generally remained steady, no apparent reason, replenish their stocks, small spinners also actively participated, spot rates unchanged, two leading spinners moved into the trading ring, witnessed sudden revival of buying interest

Cotton market witnessed sudden revival of buying interest on Wednesday, there was no apparent reason for it, except that two leading spinners moved into the trading ring to replenish their stocks, brokers said. The lint prices generally remained steady.

Many small spinners also actively participated in the proceedings and were eager to book maximum quantity of cotton, but most of them returned disappointed due to short supply.

Related Keywords: attracted many small spinners, Karachi Cotton Association, Low cotton prices, meet their day to day demand, Pakistan cotton market, result renewed buying interest, spot rates unchanged, who mostly depend on short covering

Low cotton prices attracted many small spinners who mostly depend on short covering to meet their day to day demand. As a result renewed buying interest was seen on Tuesday at the Pakistan cotton market.

Phutti (seed cotton) prices also came down and were being quoted in the range of 3,300 to 3,350 per 40 kilograms. However, reports from cotton fields suggested that very little phutti has left for picking.

Brokers said that leading spinners are currently preoccupied in payments against their imports and were conspicuous by their absence.

Related Keywords: Cotton market, cotton prices touched a record level, Karachi Cotton Association, most deals finalised on high rates, prices tended to move higher, short supply of quality cotton, slow trading activity, spot rates unchanged, widening gap between production and consumption, witness on Saturday

Slow trading activity witness on Saturday at cotton market due to short supply of quality cotton. However, prices tended to move higher and most deals were also finalised on high rates.

Due to strong demand, cotton prices touched a record level of Rs7,300 per maund (around 37 kilograms). Phutti prices also rose to a seasonal high of Rs3,850 per 40kg. Limited stocks of around 900,000 bales held by ginners were insufficient to see the season through because the next crop is not expected before June or July.

The Karachi Cotton Association left its spot rates unchanged.