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The week ends 1.53% lower and 554 points under the 10% line: KSE-100 slips 0.29% to 168,155, its lowest close since 16 September, as 319 names decline and DSIL posts a fifth straight near-limit gain

The KSE-100 slipped 0.29% to 168,155 on Friday, its lowest close since 16 September and a second straight close below the 10% line at 168,710 - about 554 points under it and roughly 10.3% below the 6 July record. It is the third-lowest close of the retreat, behind only the 14 and 16 September closes of 167,971 and 168,022 and just 0.11% above the correction low, and it is 1.68% under the 24 July low of 171,021 for a seventh straight session. The week closed 1.53% lower against the 25 September close of 170,765, the worst week since the one ending 11 September, and October has opened 1.07% down from September's close of 169,969. The session was a quiet grind lower on lopsided breadth: 128 advancers against 319 decliners across the 492-name board, eight of 33 sectors higher and three closing without a single advancer, on a 494m tape with 323m in declining names against 130m in advancing ones. The selling stayed in the engines: Technology and Communication fell 1.51% with 19 of 21 lower, Engineering 1.5% with 12 of 18, Commercial Banks 0.27% with 15 of 19, the Refinery sector 0.9% with CNERGY down 2% on 21m and PRL 1% on 18m, and Oil and Gas Marketing 1.92% without a single advancer among its ten names. The few gains were small and second-line - Miscellaneous 0.79%, Sugar and Allied 0.57%, Power Generation and Distribution 0.38% on a seven-seven split and the E&Ps 0.31% - and the tape's size was again the fringe, FNEL the most active name on 43m at +0.8% and DSIL up 10% on 30m. The KMI-30's 0.34% fall was the deepest of the four gauges and the KSE-30's 0.22% the mildest.