☰
Commodities: Active trading on cotton market
KARACHI: Trading activity improved on the cotton market on Tuesday as renewed buying interest from some needy textile spinners emerged towards closing stages.
Reports of violation of airspace by Indian air force jets over line of control in Azad Kashmir did not deter trading. Shortage of quality cotton forced many spinners to rush and replenish their stocks.
Another factor which pulled buyers into the trading ring was spinners facing cotton shortage as there is no hope of importing cotton from India due to mounting tension between the two countries.