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The bounce stalls: KSE-100 falls 0.68% to 167,442, its second-lowest close of the retreat, on 322 decliners, 18 of 19 banks lower and a 2.56% refinery sweep lower

The KSE-100 fell 0.68% to 167,442 on Thursday, ending a two-session winning run and giving back 1,139 points, or 42%, of the 2,713 it had recovered since Monday's low. The close is the second-lowest of the retreat from the 6 July record, behind only the 5 October close of 165,867 and 0.31% below the 14 September low of 167,971, and it leaves the index 1,268 points under the 10% line at 168,710 for a sixth straight session. It is roughly 10.68% below the record, 2.09% under the 24 July low of 171,021 for an eleventh straight session, 0.95% above Monday's low and 1.49% below September's close of 169,969. Breadth reversed from Wednesday's 271 advancers to 130 against 322 decliners across the 494-name board, with ten of 33 sectors higher and six closing without an advancer, on a thin 366m tape that put 256m through declining names against 95m in advancing ones. The selling ran through the banks and the refineries: Commercial Banks fell 1.1% with 18 of 19 lower and none higher, the Refinery sector 2.56% in a clean sweep lower with PRL down 3.4% and CNERGY 2.7%, Fertilizer 1.23% with all five names down, Transport 2.2%, Technology and Communication 1.21% with 16 of 21 lower and the securities complex 1.17% with 23 of 33. The KSE-30's 0.80% fall was the deepest of the four gauges and the KMI-30's 0.60% the mildest.