KARACHI: The country’s major cotton markets remained in bearish trend as leading spinners moved away after replenishing their stocks last week.
As there are no signs of improvement in the yarn market, spinners also took cautious attitude against building up their stocks. The Karachi Cotton Association’s (KCA) spot rates remained unchanged.
Major deals finalised on ready counter were: 400 bales Chichawatni at Rs4,700, 200 bales Yazman Mandi at Rs4,800, 400 bales Lodhran at Rs4,900, 200 bales Mianwali at Rs4,950, 1,000 bales Shadan Lund at Rs5,000 and 600 bales Rahimyar Khan at Rs5,050 to Rs5,100.
