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KSE-100 slips 0.85% to 173,886.68, ending a four-day gain run and sealing a 4.49% weekly gain, as 277 names decline

The KSE-100 fell 0.85% to 173,886.68 on Friday, 1,493.18 points below Thursday's 175,379.86, ending a four-session run of gains with its steepest daily fall since 23rd October's 0.95%, yet it closed the week 7,477.43 points, 4.49%, above last Friday's 166,409.25, a second straight weekly gain after 2.48% the week before. The close was 7.09% above the 23rd October closing low of 162,374.87 and 1.68% above the 24th July low of 171,021.20. Breadth turned negative: 277 decliners against 190 advancers across the 500-name board, with 18 of 33 sectors lower, and 949m traded in declining names against 526m in advancing ones on a 1,480m tape, the heaviest in more than two months and up from Thursday's 1,000m, though 687m of it was the BAPLR1 rights line, which fell 95.16% to Rs 0.03. TISL was the busiest name after BAPLR1, up 6.12% to Rs 5.03 on 141m, ahead of WTL, up 8.51% to Rs 1.02 on 72m, CNERGY, up 0.33% to Rs 12.10 on 48m, and MDTL, down 0.87% to Rs 7.95 on 41m. Chemical fell 3.43% on the average, a move that came from BAPLR1 alone, Cement fell 1.22% with 15 of 19 names lower and Commercial Banks fell 0.47% with 15 of 19 lower, while Modarabas rose 2.46%, Textile Composite 2.09%, Apparel 2.02% and Investment Banks, Investment Companies and Securities Companies 1.78%. The KSE-30's 1.61% fall was the steepest of the four indices, ahead of the KMI-30's 1.03% and the KSE-100's 0.85%, and the All-Share's 0.79% was the mildest.