An upward trend was seen on the cotton market on Monday as mills and exporters took interest in purchasing of quality lint to meet their needs, dealers said. The official spot rate gained Rs 50 to Rs 5000, dealers said. In the ready session, nealy 6,000 bales of cotton changed hands between Rs 4000 and Rs 5200, they said.
Tight supply of quality lint, helped rates to hold the present levels, besides, fresh rains in cotton growing areas of some parts of Punjab, slowed down arrivals of cotton,
