KARACHI, Dec 6: Cotton market on Thursday showed firm trend as spinners and mills made fresh commitments at the prevailing prices amid an actively traded session.

Most of the deals in the ready section were done between Rs3,150 to Rs3,200 per maund, depending on the quality of lint in trading.

The notable feature was that a spinner purchased a big lot of 16,000 bales from a leading ginning company, Robert Cotton Association (RCA) at Rs3,215 per maund, which, however, did not have sympathetic bullish impact on the ruling prices, said a leading cotton analyst, Naseem Usman.

However, spinners have considerably slowed their daily intake owing to transportation problems and higher freight rates as most of the cargo haulers are busy in transporting sacrificial animals from the upcountry centres to the city, he added.

The big deal reflects that some other leading ginners may be thinking on these lines and may be in search of some big single buyer to get out of an uncertain market, market sources said.

Spinners also are working on these lines as higher freight rates adding to their export parity levels of textiles and they are taking delivery of those lots which are based on Karachi delivery deals.

Trading could further shrink to modest proportions by the next week as pre-Eid holiday mood and delivery problems would dominate the daily activity, they said.

Official spot rates were firmly held at the overnight level of Rs3,100 per maund for an average quality lint.

The following some of the notable deals which were finalised on Thursday:

PUNJAB VARIETY: 5,000 bales, Rahimyar Khan at Rs3,200, 3,500 bales, Sadiqabad at Rs3,150 to Rs3,200, 1,000 bales, Rajanpur at Rs3,200, 1,000 bales, Haroonabad at Rs3,125, 1,000 bales, D.G. Khan at Rs3,150, 600 and 500 bales, Bahawalnagar and Lodhran at Rs3,150.