KARACHI: Buyers and sellers remained busy in price wars on better grades of deals while buying in second grade of lint remained on the higher side with stable physical prices. Buyers also made forward deals for a month’s delivery period in better and second grade of cotton. Most deals for second grade of lint changed hands at around Rs 6,500 per maund, during trading session in Punjab and Sindh stations. Cotton prices would remain firm on the back of improving demand from buyers and garment export sector in coming trading sessions, it was said. Leading buyers bought lint at around Rs 6,350-Rs 6,475 per maund. in parts of Sindh and Punjab stations. Spinners made deals in second grade of lint at around Rs 6,450 per maund. Private sector commercial exporters consolidated their long positions by making forward deals at Rs 6,300-Rs 6,325 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 1,800 cotton bales changed hands in the range of Rs 6,000-Rs 6,525 per maund, in parts of Sindh and Punjab stations. Ex-gin price of cotton remained intact at Rs 6,100 per maund. In kerb market, trading took place in the range of Rs 6,050, Rs 6,300 per maund. Published in Daily Times, October 13th 2017.