KARACHI: The cotton trading market remained bearish as only 300 bales changed hands, while the Karachi Cotton Association (KCA) spot rate remained unchanged Rs 5,250 per maund.
According to KCA, 100 bales of Sanghar changed hands at Rs 5,175 per maund, 100 bales of Vehari at Rs 5,150 per maund, 100 bales of upper Sindh at Rs 5,000 per maund and 100 bales of southern Punjab at Rs 5,250 per maund.
In domestic market buyers would remain eye on quality lint on the back of growing demand of cloth and yarn. The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,200 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,950 per maund.
