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KSE-100 falls 0.95% to 177,373.76, a second straight decline, as 316 names fall and Cement and Commercial Banks slide

The KSE-100 fell 0.95% to 177,373.76 on Thursday, 1,710.04 points below Wednesday's 179,083.80, a second straight fall that has taken it 1,961.48 points, 1.09%, below Tuesday's 179,335.24 and was its steepest daily fall since 22nd October's 1.21%. It remains 2.01% above last Friday's 173,886.68, 9.24% above the 23rd October closing low of 162,374.87 and above every close from 31st August to 6th November. Breadth was weak: 316 decliners against 154 advancers across the 499-name board, with 22 of 33 sectors lower, though volume was evenly split, with 535m traded in advancing names against 527m in declining ones on a 1,070m tape, down from Wednesday's 1,248m and the third heaviest since the start of September, behind Friday's 1,480m and Wednesday's 1,248m. WTL, up 2.46% to Rs 1.25 on 191m, and TISL, down 4.97% to Rs 5.93 on 147m, together took 338m, nearly a third of the tape, ahead of FNEL, up 2.50% to Rs 1.23 on 55m, KEL, up 1.62% to Rs 6.26 on 35m, and LSEFSL, up 3.51% to Rs 2.36 on 34m. Insurance fell 2.32% on the average with 19 of 28 names lower, Modarabas 1.82% with 12 of 20 lower, Refinery 1.38% with all four names lower and Commercial Banks 1.18% with 18 of 19 lower, while Leather and Tanneries rose 2.94%, Apparel 2.58% and Miscellaneous 2.49%. The KSE-100 and the KSE-30 each fell 0.95%, ahead of the KMI-30's 0.86%, and the All-Share's 0.79% was the mildest.