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As Eidul Fitr approaching fast, the prices of all range of stuffs, especially garments, lady footwear, shoes, and artificial jewellry have increased manifold this year. Though, the Eid shopping has gained momentum as huge rush of women buyers seen in major bazaars, shopping malls, plaza and local streets, wherein salespersons have displayed various of stuffs, but the buyers are frustrated with skyrocketing prices.

Small business was seen on the cotton market on Saturday as leading mills were on the sidelines due to less buying interest, dealers said. The official spot rate held the overnight level at Rs 5800, they added. The prices of seed cotton in Sindh and Punjab were unchanged at Rs 2800-2900, they said. In the ready session, around 1400 bales of cotton changed hands between Rs 5700-5775, they said.
Cotton futures in New York fell to their lowest in almost five years on Friday in a continuing selloff by speculators on the prospect of bumper production in the 2014/15 crop year. The benchmark December cotton contract on ICE Futures US dropped as low as 64.53 cents a lb before paring losses to end down 0.7 cent, or 1.1 percent, at 65.35 cents a lb.
Textile exporters on Saturday cast fears over the army's deployment in Islamabad, saying the government's move has globally signalled a negative message towards the country's security and stability. "The army's deployment in the country's capital will further divert international businesses from Pakistan," said the chief co-ordinator of Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea), Ijaz A. Khokhar.
British clothing chain Fat Face said on Thursday it had called off a planned 110-million-pound ($186 million) London stock market listing, as investors become more choosy due to a flood of flotations. The company, which is owned by European private equity firm Bridgepoint, had aimed to fund its international expansion via the listing of a 25 percent stake, which would have valued Fat Face at 440 million pounds.
Shopkeepers at shopping malls and big stores of garments on Saturday blamed rising cost of living for a "drop" in sales of readymade garments ahead of Eid-ul-Fitr. In random survey, shopkeepers complained that the demand for clothes was weak although Eid-ul-Fitr is only a few days away and only few days left in the festival to be celebrated.
Firmness prevailed on the cotton market on Friday in the process of modest trading, dealers said. The official spot rate held the overnight level at Rs 5800, they added. The prices of seed cotton in Sindh and Punjab were unchanged at Rs 2800-2900, they said. In the ready session, around 5000 bales of cotton changed hands between Rs 5800-5700, they said.

 



 
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