Demand for quality cotton remains high.

KARACHI -- Cotton prices edged up on renewed buying interest from some leading spinners on Friday.

The underlying sentiment, however, remained weak. Phutti prices remained high which spinners are not ready to pay. This has made many ginners to suffer financial losses, brokers said.

Another major issue adversely affecting the trade is piling up of yarn stocks with spinners. There is little demand from domestic and export markets for cotton yarn.

However, the issue of quality of cotton continues to be a major issue as big spinners are now more interested in importing cotton rather than replenishing their stocks from local lint.

The world's leading cotton markets generally remained under pressure, with Indian cotton losing Rs300 more per candy.

The Karachi Cotton Association (KCA) spot rates were unchanged at overnight level at Rs8,800 per maund.

The following deals were reported to have...