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KSE-100 gains 0.47% to 165,930.98 on even breadth, 11.48% below the record, as power, cement and E&Ps rise while refineries fall 1.97%

The KSE-100 gained 0.47% to 165,930.98 on Wednesday, 779.34 points above Tuesday's 165,151.64, after Tuesday's 0.49% fall. The index remains 2,779 points under the 10% line at 168,710 for a fifteenth straight session, 11.48% below the 6 July record and 2.98% under the 24 July low of 171,021.20 for a twentieth; it closed 0.04% above the 5 October close of 165,867.31 and 0.70% above 13 October's 164,776.44, but 0.02% under Monday's 165,966.08 and 0.29% lower on the week so far against Friday's 166,419.71. The gain came on even breadth: 225 advancers against 229 decliners across the 497-name board, with 18 of 33 sectors higher and 188m traded in advancing names against 181m in declining ones on a 380m tape, down from Tuesday's 447m. Power Generation and Distribution rose 1.39% with NCPL up 9.53% and NPL 9.47%, Cement 0.90% with 13 of 19 higher, the E&Ps 0.86% with all four names up and Commercial Banks 0.52% with 15 of 19 higher, while the Refinery sector fell 1.97% with only CNERGY higher and PRL down 1.54% on 49m. TPLT rose 9.17% on 15m. The KSE-100's 0.47% gain was the strongest of the four gauges and the KMI-30's 0.41% the mildest.