Reproduce the following Market Report in non-technical language: “Karachi August 02,200: improved conditions were visible in the Cotton Market yesterday and admits moderate scale trading future finished the day 50 paisa for the ruling September contract and 30 paisa dearer for the distant December delivery. The other factors helping the recovery of the market were demand in ready sector and expected increase in trading with Islamic Jamhuria Bangla Desh. Spot rates were also hardened to the extant of 65 paisa each of all Desi varities”.

This extract is taken from Karachi Cotton Exchange for August 01, 2001. The reporter has discussed the factors that led to the improvement in the market conditions on the day reported for the market has taken a turn from the downward sewing to an upward spiral. The cause appears to be the presence of more buyers than the sellers. The prices, as a result, are rising and have recorded the day with 50 paisa higher for September delivery and 30 paisa for December delivery.
The other reasons appearing to contribute to the optimistic feeling was expected increase in trading with Islamic Jamhuria Bangla Desh. Rates for ready delivery showed the tendency of price rise to the extent of 65 paisa each for all desi varities.

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