Related Keywords: buyers and sellers withdrew to the sidelines, focuse on the coming phutti arrivals, Karachi Cotton Association left its spot rates unchanged, remained selective on quality fear, Some leading buyers, spinners remained eager to cover their long positions, striking deals on slightly higher price, Trading at cotton market turned slow on Friday
Trading at cotton market turned slow on Friday as buyers and sellers withdrew to the sidelines. Some leading buyers remained selective on quality fear while spinners remained eager to cover their long positions by striking deals on slightly higher price. The past two day’s brisk activity was no more evident as participants focused on the coming phutti (seed cotton) arrivals report.
The Karachi Cotton Association left its spot rates unchanged at Rs6,750 per maund on Friday.
