Sluggish trading at cotton market

Karachi

The cotton market on Saturday witnessed a dull activity as spinners were remained on sidelines amid falling demand, brokers said.Trade volumes remained low, while prices were largely stable.

 A round 1,800 bales of cotton from Sindh and Punjab were sold by the ginners at rates of Rs4,475-6,000/maund.     

The spot rate was maintained at the previous level of Rs5,650/maund. 

Cotton dealers said that spinners and mills were not in the mood to make large transactions as they had already completed their short covering to meet raw material demand.  

They were remained on sidelines in line with global cotton markets which was flat on decline in demand. 

A round 1,800 bales of cotton from Sindh and Punjab were sold by the ginners at rates of Rs4,475-6,000/maund. The spot rate was maintained at the previous level of Rs5,650/maund.