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Commodities: Lacklustre trading on cotton market
KARACHI: Trading on the cotton market turned lacklustre on Monday. The undertone was firm but the outlook remained uncertain.
There was no new development which could be reckoned for this sudden slow down in trading activity, except that high cotton prices forced spinners to withdraw to the sidelines.
Since it is off-season, therefore, the market will keep behaving erratically and at times will experience brisk activity, depending upon the availability of cotton and its quality.