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Karachi Cotton Association (KCA)

Spot rate declines by Rs 50 per maund

November 20, 2012 KARACHI: Fine lint remained in focus with brisk trading amid easing spot rate with higher demand of all grades, traders at the Karachi Cotton Association (KCA) said on Monday. KCA revised the spot rate slightly downward on technical grounds by Rs 50 per maund to Rs 5,900 per maund, floor brokers said. During the trading session, the spinners made deals in all grades to strengthen their long positions in anticipation of grade issue in the next coming trading sessions.…

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