Friday 19 August 2011

Dull session at cotton market over city violence

KARACHI: The grim law and order situation in the metropolitan city kept investor's to be on sidelines. The Karachi Cotton Association (KCA) official spot rates remained stagnant at Rs. 6,400 per maund on Thursday.


Dull trading session was witnessed at cotton market which led prices unchanged. To fulfill short term demand, some mills were involved in fresh buying while others preferred to be under cautious mode on expectations that in upcoming days, cotton prices might get down.


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