KARACHI: Cotton market witnessed slow trading on Monday due to political uncertainty after Imran Khan call of shutdown and depressed condition in international market.
Purchasing of cotton by the Trading Corporation of Pakistan (TCP) also could not help boost trading in the market. The official spot rate maintained overnight level at Rs 4,800. In the ready session, around 20,000 bales of cotton changed hands between Rs 4600-5100. In Sindh, rates were at Rs 1600 and Rs 2400, in Punjab prices were at Rs 2200 and Rs 2600.