KARACHI, Jan 3: Cotton prices in the ready market fell on Thursday amid higher phutti arrivals but trading increased as mills in Punjab province received uninterrupted supply of electricity, brokers said.

Power supply to the textile industry in Punjab resumed for 16 hours a day, as per the orders from Prime Minister Raja Pervez Ashraf. There seemed to be uninterrupted power supply from 5pm until 8am throughout Punjab.

However, Karachi Cotton Association kept its official spot rate unchanged at Rs6,000 per maund and in Sindh, 5,800 bales of cotton were traded at Rs5,400 to Rs6,100. In Punjab, 8,200 bales of cotton were exchanged at Rs5,875 to Rs6,100.

Brokers expect prices to remain steady in the coming days amid high demand from millers and spinners and high arrival of phutti.

The following transactions were reported on the ready counter on Thursday:

SINDH TYPE: 400 bales, Tandoadam at Rs5,400, 400 bales, Shahdadpur at Rs5,725, 400 bales, Khairpur (BCI) at Rs6,100 and 4,600 bales, Upper Sindh(BCI) at Rs6,100.

PUNJAB VARIETY: 400 bales, Arifwala at Rs5,875, 200 bales, Burewala at Rs5,900, 200 bales, Qabola at Rs5,900, 400 bales, Kassowal at Rs5,900, 400 bales, Chichawatni at Rs5,900, 1,400 bales, Fortabbas at Rs5,950, 400 bales, Mianchano at Rs5,950 to Rs6,000, 800 bales, Shadan Lund at Rs 6,000 to Rs6,050, 1,200 bales, Rahim Yar Khan at Rs6,000 to Rs6,050, 200 bales, Tonsa Sharif at Rs6,050, 400 bales, Haroonabad at Rs6,050, 1,000 bales, Sadiqabad at Rs6,100, 800 bales, Mianwali at Rs6,100 and 400 bales, Rajan pur at Rs6,100.