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Three-day gain run ends as 302 names fall: KSE-100 slips 0.27% to 165,966.08, 11.46% below the record, while refineries rise a fourth straight session

The KSE-100 slipped 0.27% to 165,966.08 on Monday, 453.63 points under Friday's 166,419.71, ending a run of three straight gains. The index remains 2,743 points under the 10% line at 168,710 for a thirteenth straight session, 11.46% below the 6 July record and 2.96% under the 24 July low of 171,021.20 for an eighteenth, but it held 0.06% above the 5 October close of 165,867.31 and 0.72% above 13 October's 164,776.44. Breadth was weak: 163 advancers against 302 decliners across the 499-name board, the most decliners and fewest advancers since 12 October, with 11 of 33 sectors higher. Volume ran the other way, with 226m traded in advancing names against 144m in declining ones on a 371m tape, the lightest since 12 October's 363m. The Refinery sector rose 1.39% for a fourth straight session with all four names higher - PRL up 1.74% to Rs 108.81 on 53m and CNERGY 0.23% to Rs 12.88 on 36m, together nearly a quarter of the tape - and TPLT rose 7.46% on 14m. Leather and Tanneries fell 3.92% with all six names lower. The KSE-100's 0.27% fall was the deepest of the four gauges and the All-Share's 0.22% the mildest.