KARACHI: Pakistan cotton market witnessed restricted buying session as buyers were cautious for grade on Monday.
The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 6,000.
Transportation problems faced by mills and exporters ahead of Eid-ul-Fitr restricted the business activities on cotton market. At current level both growers and ginners are ready to sell but mills remain preferred to be on sideline. After Eid it is expected that market would gain momentum and active trade likely to be witnessed.
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