KARACHI: After moderate trading activity in cotton market, the price of quality lint increased to around Rs 5,675 per maund.
However, according to the Karachi Cotton Association (KCA), the spot rate remained unchanged at Rs 5,450 per maund and around 300 bales changed hands.
According to KCA, 100 bales of Mirpurkhas changed hands at Rs 5,125 per maund, 100 bales of Nawabshah at Rs 5,025 per maund, 100 bales of upper Sindh at Rs 5,075 per maund and 100 bales of southern Punjab at Rs 5,375 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 5,025 per maund to Rs 5,150 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.
