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A third straight weekly loss on the thinnest tape in weeks: KSE-100 slips 0.21% to 167,089, its second-lowest close of the retreat, as 243 names advance and the Refinery sector rebounds 1.61%

The KSE-100 slipped 0.21% to 167,089 on Friday, its second-lowest close of the retreat from the 6 July record, behind only the 5 October close of 165,867. It sits 0.52% below the 14 September low of 167,971 and 0.74% above Monday's closing low. It is 1,620 points under the 10% line at 168,710 for a seventh straight session, roughly 10.86% below the record and 2.30% under the 24 July low of 171,021 for a twelfth. The week closed 0.63% lower against the 2 October close of 168,155, a third straight weekly decline after losses of 0.07% and 1.53%, and the index is 1.69% below September's close of 169,969. The board was firmer than the index: 243 advancers against 201 decliners across the 495-name board, 22 of 33 sectors higher and none without an advancer, with 198m traded in advancing names against 101m in declining ones - but on a 309m tape, the lightest of any session since at least 24 August. The gains came from the refineries and the second line: the Refinery sector rose 1.61% in a clean sweep, PRL up 2.1% on 24m, CNERGY 1% on 27m and NRL 2.9%, Modarabas rose 3.32% with 14 of 20 higher, Power Generation and Distribution 1.68% on KEL's 1.5% and PKGP's 5.4%, Chemical 1.81% and the securities complex 0.85%. Weighing on the board were the banks and the oil marketing names: Commercial Banks lost 0.57% with 11 of 19 lower, Oil and Gas Marketing 0.49% and Transport 0.95%. The KSE-30's 0.28% fall was the deepest of the four gauges and the KMI-30's 0.02% the mildest.