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KARACHI: Persisting rains in Sindh damaged crop further, bad sewerage systems in the province not only created transportation problems but also damaged roads which caused late delivery of cotton at the market.

KARACHI: The market is expected to remain range bound as the market is looking for positive triggers and concerns regarding the colossal damage to crops and infrastructure with diminished ability to seek foreign assistance poses questions about macroeconomic stability in months to come.

SINGAPORE: Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt crisis wreaking more damage on the world economy.

SINGAPORE: Brent crude held above $102 after surging in the previous session as pessimism about weaker demand was outweighed by a surprise drawdown of U.S. inventories and concerns that Libya's largest oilfield could be damaged.

KARACHI: Heavy rains in Karachi caused thin trading activities at cotton market on Tuesday. However, persistent rains in Sindh and Punjab pushed cotton prices up and expectations regarding further damage of crop make buyers cautious.