Lusterless KSE retreats to a 2-month low

KARACHI: In the absence of strong trade triggers the apex bourse retreated to a two-month low here on Thursday.

The benchmark 100-Index of the Karachi Stock Exchange (KSE) shed 0.08 percent, or 21.57 points to 25,478.93.

This was the index’s lowest point in the last 2 months, while volumes declined to a four-month low as the apex bourse witnessed another lackluster session with range-bound activity.

Faysal Bank Ltd fell 2.1 percent to 11.65 rupees while Maple Leaf Cement Factory Ltd was down 1.03 percent to 27.85 rupees.