KARACHI: Trading activity on the cotton market was slow on Thursday as buyers were unable to get hold of quality cotton. The end season coupled with shortage of quality lint keep proceedings dull and dreary.
Barring a few small lot deals, the market remained devoid of activity though there were demand form spinners.
Reports suggest that the cotton yarn market is quite responsive and there is a demand from the value-added textile industry which encouraged spinners to maintain production of yarn. Meanwhile, reports from the cotton fields are not encouraging due to shortage of irrigation water.