KARACHI: The cotton market remained in bearish note over slow trading as spinners kept looking for quality lint.
According to dealers, the ginners are reluctant to enter into deals at this stage in anticipation of getting higher price. However, spinners on their part are looking at export parity of cotton yarn before committing higher price for the commodity.
The following deals were finalised on ready counter: 200 bales from Khadro done at Rs4400, 400 bales Tando Adam at Rs4900, 1000 bales Ghotki at Rs5400, 1000 bales Haroonabad at Rs5200 to Rs5300, 400 bales Yazman Mandi at Rs5225 and 2000 bales Bahawalpur at Rs5400 to Rs5500.
