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Lint market stood positive during trading session as buyers made deals for all grades of lint, they also made forward deals for a month period amid strong spot rate. The Karachi Cotton Association (KCA) kept spot rate of Rs5,400 per maund.
The sellers remained in driving seat as they ask price on their own terms on growing demand of all grades that kept market sentiments on higher side despite shrinking domestic fine stocks, floor brokers said.
Majority of the ginning units produced second grade lint to around 4,000 bales out of total output of around 9,600 bales on higher demand.
