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Commodities: Trading picks up on cotton market
KARACHI: Revival of buying interest from some needy textile spinners helped in generating activity on cotton market on Thursday.
The renewed buying interest could be attributed to the fact that many buyers rushed to replenish their stocks with quality cotton.
The global factors remained unchanged and most of the leading cotton markets closed easy.
Meanwhile, phutti (seed-cotton) supplies are fast dwindling and the third and last picking is almost at its fag-end because very little unpicked cotton is left in the fields.