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The rout is reversed in a session: KSE-100 jumps 1.56% to 168,460, its largest gain since 5 August, as 312 names advance and the Refinery sector sweeps 5.06% higher on CNERGY's 55m

The KSE-100 jumped 1.56% to 168,460 on Tuesday, its largest one-day gain since 5 August, when it rose 1.66%, recovering more than all of Monday's 1.36% fall. The rebound of 2,593 points lifted the index off the retreat's new low of 165,867 to a close 0.29% above the 14 September correction low and about 250 points under the 10% line at 168,710, roughly 10.13% below the 6 July record. It is still 1.50% under the 24 July low of 171,021 for a ninth straight session and 0.89% below September's close of 169,969. Breadth reversed from the worst reading since 14 July to the broadest since the 316 advancers of 18 September: 312 advancers against 146 decliners across the 494-name board, 24 of 33 sectors higher and none without an advancer, with 353m traded in advancing names against 75m in declining ones on a 432m tape. The refinery complex led: the sector rose 5.06% in a clean sweep, PRL gaining 8% on 28m and CNERGY 5.9% on 55m, the heaviest print of the day, with NRL up 3.8% and ATRL 2.6%. The engines rebounded together - Commercial Banks rose 1.6% with 17 of 19 higher, the E&Ps 1.97% in a clean sweep, Technology and Communication 1.81% with 20 of 21 up, Oil and Gas Marketing 1.56%, Power Generation and Distribution 1.2%, Cement 0.78% and Fertilizer 0.9% - and the KMI-30's 1.89% gain was the strongest of the four gauges, the All-Share's 1.33% the mildest.