Commodities: Slow trading on cotton market.

MULTAN -- Dull and dreary conditions prevailed on the cotton market on Thursday as buyers and sellers continued to stay away.

The Karachi Cotton Association kept its spot rate unchanged at Rs9,000.

According to the latest USDA report, net sales and net exports of cotton increased by 84 per cent and 28pc, respectively - yearly high with 395,500 bales and 478,200 bales respectively.

Pakistan stood second and third in net exports and net sales, respectively, with 87,400 bales and 62,300 bales. Net sales of China were 58,400 bales while its net exports were 73,400 bales.

Cotton expert Syed Muddabir Shah said a major reason behind the increase in trade volume in US market is low prices. Rates were at their lowest level in the past ten months.

Trading activities in cotton markets of world will improve in coming days, he added.

Cotton...