In the absence of buying interest from mills, the local cotton market recorded a fresh fall in prices when trading resumed on Tuesday.

With growing economic uncertainty the worldwide and liquidity crunch faced by the spinners owing to little off-take of yarn and fabric, the cotton market remained lacklustre.

Floor brokers said that growing concern about economic instability and worldwide and domestic crises depressed sentiment where activity remained restricted to a small buying lot.

 

The following transaction materialised on ready counter on Tuesday:

2,000 bales from Uch Sharif done at Rs2,850