By admin       2017-10-27

KARACHI: Buying in better grades of lint kept trading firm while buyers bought better grades of lint on premium prices. Physical prices remained steady during trading at lint market. Spinners purchased better and second grade of lint at around Rs 6,375-Rs 6,400 per maund, during trading session at Punjab and Sindh stations. Buyers also made forward deals for a month’s period at around Rs 6,275-Rs 6,300 per maund. Sellers offered better grades of lint on their asking prices amid improved demand from buyers. Leading buyers bought all grades of lint at around Rs 6,150-Rs 6,200 per maund. Private sector commercial exporters made deals at Rs 6,100-6,200 per maund. Raw grades of lint changed hands at Rs 5,975-Rs 6,000 per maund, depending on trash level during trading session. Around 6,000 cotton bales changed hands in the range of Rs 6,000-Rs 6,500 per maund. Ex-gin price of cotton remained firm at Rs 6,300 per maund. In kerb market, trading took place in the range of Rs 6,000-Rs 6,325 per maund. New York Cotton December Futures 2017 contract closed at 69 cents per pound, March Future 2018 contract at 69.03 cents per pound and Cotlook A Index was hovering at 83 cents per pound.

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