KARACHI: In the absence of buying interest the cotton market on Saturday remained listless. The continued falling trend in world leading cotton markets also adversely influenced market sentiment.
According to brokers, sluggish performance of the cotton yarn market and uncertainty over government’s economic policies is affecting the textile industry which is currently burdened with huge unsold yarn stocks.
Barring some select buying, the market remained devoid of much needed activity.
Global trade disputes and lack of confidence between top global economies is also depressing sentiments the world over, brokers added.