By admin       2016-12-15

Cotton market on Tuesday witnessed modest trading activity, dealers said. The official spot rates unchanged at Rs 6250. According to the market sources, arrival of quality lint was slow, which caused sluggish demand by leading mills and spinners.As per dealers, the seed cotton prices in Sindh were at Rs 2600-3200 and in Punjab rates were at Rs 2800-3400, per 40 Kgs.Cotton analyst, Naseem Usman said that the cotton yarn market continues to be sluggish, it looks that present trend may maintain for the near future..The following deals were reported to have changed hands as per dealers: 600 bales from Sanghar sold at Rs 5575-5700, 3000 bales from Khairpur at Rs 6250-6350, 2000 bales from Salehpat at 6300-6350, 2000 bales from Rohri at Rs 6300-6450, 400 bales from Dharanwala at Rs 6350, 600 bales from Jalalkpur at Rs 6450 and 2000 bales from Sadiqabad at Rs 6500.In the ready session, over 10,000 bales of cotton changed hands between Rs 5575-6500.

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