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Meagre turnover on paper market

RECORDER REPORT

LAHORE: Steady price level with a meagre turnover prevailed in the local paper market at Ganpat Road on Sunday while routine transactions were observed.

Investors mostly stayed on sidelines expecting no fluctuations in the near future in the prices of both brands imported and locally produced paper. However, Urdu Bazar publishers placed routine orders in imported varieties to meet the standard set by the Punjab Text Book Board.

Paper merchants at Ganpat Road said that they registered less transactions in local varieties than the imported paper.