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Third straight gain, but on more decliners than advancers: KSE-100 adds 0.14% to 166,419.71, 11.22% below the record, as refineries rise again and the week closes 0.40% lower

The KSE-100 gained 0.14% to 166,419.71 on Friday, 233.55 points above Thursday's 166,186.16 for a third straight gain and the best close of the week, 1.00% above Tuesday's 164,776.44. It was a narrow session: 211 advancers against 254 decliners across the 498-name board, the first index gain on more decliners than advancers since 28 August, with 17 of 33 sectors higher and 218m traded in advancing names against 176m in declining ones on a 397m tape, down from Thursday's 517m. The index remains 2,290 points under the 10% line at 168,710 for a twelfth straight session, 11.22% below the 6 July record and 2.69% under the 24 July low of 171,021.20 for a seventeenth, and its 0.40% fall on the week against last Friday's 167,089.27 is a fourth straight weekly loss. The refinery sector rose for a third straight session with all four names higher, PRL up 3.07% to Rs 106.95 on 38m and CNERGY 0.39% to Rs 12.85 on 37m, and KEL rose 3.05% on 28m, while PTC fell 2.65% to Rs 53.60 and WTL 2.04% on 12m. The KSE-100's 0.14% gain was the strongest of the four gauges, with the KMI-30 the only one lower at 0.05%.