Tuesday, 3 May 2011
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Pakistan: Cotton market witnesses dull trading
KARACHI: Trading at the domestic cotton market lost momentum on Monday due to enough stocks of cotton yarn in the country, dealers said. "A couple of deals of raw cotton were made as main buyers remained on the sidelines as a lot of cotton yarn is stuck up in the country's factories," said Naseem Usman, Chairman of the Karachi Cotton Brokers Forum. "The demand for the commodity has sharply
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