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Another low on even breadth: KSE-100 slips 0.21% to 164,776, 12.10% below the record, as PTC falls 9.1% on 13m and foreign investors sell PKR 644m

The KSE-100 slipped 0.21% to 164,776 on Tuesday, a second straight new low for the retreat, 348 points under Monday's 165,124 and 0.66% below the 5 October close of 165,867. The index is 3,933 points under the 10% line at 168,710 for a ninth straight session, roughly 12.10% below the 6 July record, 3.65% under the 24 July low of 171,021 for a fourteenth and 3.06% below September's close of 169,969. It is 1.38% lower on the week so far against Friday's 167,089. The move was small and the board was balanced: 223 advancers against 224 decliners across the 498-name board, 21 of 33 sectors higher and two closing without an advancer, with 183m traded in advancing names against 197m in declining ones on a 384m tape. The sharpest fall among the fifteen highest-turnover names was PTC, which fell 9.1% from Rs 57.18 to Rs 51.99 on 13m, about eight times Monday's volume and the second-largest turnover on the board after PSO, after losses of 2.1% and 2.8% on the previous two sessions. Elsewhere the engines were mixed and small: the Refinery sector eased 0.58% in a clean sweep lower with CNERGY down 1% on 8m, Power Generation and Distribution fell 1.22% with 11 of 16 lower, Commercial Banks 0.28% on a nine-ten split, while Property rose 2.43%, Transport 1.79% on PIBTL's 1.2% and Food and Personal Care Products 1.01%. The KSE-30's 0.28% fall was the deepest of the four gauges and the KMI-30's 0.10% the mildest.