Related Keywords: Karachi Cotton Associatio, kept cotton trading activity listless, kept spot rates unchanged, many spinners started to sell their cotton stocks, No buying interest from spinners, On the contrary, other units in need of cotton, prices remained steady, reports were circulating
No buying interest from spinners kept cotton trading activity listless on Thursday. On the contrary, reports were circulating in the market that many spinners have started to sell their cotton stocks to other units who are in need of cotton, broker said.
Consequently, the market totally lacked trading activity though prices remained steady.
Brokers said that political uncertainty has forced the trade and industry to reduce their activity. The textile industry had already been faced with a number of issues like high cost of doing business and liquidity crunch.
