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.
