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A fourth straight gain on a heavier, mixed tape: KSE-100 edges 0.15% higher to 171,402 as MDTL's band run collapses, TISL prints 133m and foreign investors turn net buyers

The KSE-100 edged 0.15% higher to 171,402 on Tuesday, a fourth straight gain - the first four-session winning run since the one that ended at the 6 July record - leaving the index about 8.56% below that record, 2.04% above the 14 September correction low and 0.22% above the 24 July low it reclaimed on Monday. The 173,519 level abandoned on 8 September sits roughly 1.22% overhead. The gain came on a tape that told a different story: breadth was barely positive at 226 advancers to 221 decliners across the 494-name board, 18 of 33 sectors rose, and 413m traded in declining names against 219m in advancing ones on a 642m tape, the heaviest since 11 September - the first up session in more than four weeks with more volume in falling names than rising ones. The declining volume was concentrated: MDTL collapsed 9.7% on 73m after two straight double-digit gains, TISL eased 1.8% on 133m, the day's heaviest print, and WTL fell 2% on 49m - the three together more than three-fifths of the down side. The index held on the engines: Cement rose 0.8% with 16 of 19 higher, the E&Ps 0.69% in a clean sweep, Commercial Banks 0.19%, while the Refinery sector slipped 0.2% and Power Generation and Distribution 0.4%. The KMI-30's 0.37% gain was the strongest of the four gauges.