KARACHI: Better grades of lint fetched premium prices on improving demand that kept physical prices steady during trading at lint market. Buyers bought better and second grade of lint at around Rs 6,425-Rs 6,450 per maund, during trading sessions at Punjab and Sindh stations. Buyers made forward deals for a month’s supply in order to strengthen their inventories in Punjab and Sindh stations. Ginners offered better stocks on premium prices amid increased demand by buyers. Buyers made forward deals at Rs 6,350-Rs 6,375 per maund. Leading buyers made deals at around Rs 6,125-Rs 6,275 per maund. Private sector commercial exporters made deals at Rs 6,100-Rs 6,225 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 18,000 cotton bales changed hands in the range of Rs 6,000-Rs 6,525 per maund. Ex-gin price of cotton remained firm at Rs 6,150 per maund. In kerb market, trading took place in the range of Rs 6,000-Rs6,325 per maund. New York Cotton December Futures 2017 contract closed at 68 cents per pound, March Future 2018 contract at 68 cents per pound and Cotlook A Index was hovering at 81 cents per pound. Published in Daily Times, October 22nd 2017.