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

Sector micro-analysis

Seventeen of 33 sectors closed higher and 16 lower, with Transport the only sector to close without an advancer. Several of the leaders were small-name groups: Leather and Tanneries rose 2.64% with four of six up on FIL's 10% limit-up on 0.01m, Synthetic and Rayon 2.62% on RUPL's 7.10% on 0.25m with two of four up, Modarabas 1.35% with 11 of 20 up as UCAPM's 10.04% and WASL's 5.98% on 16m outweighed FTSM's 10% limit-down, and Engineering 0.99% with nine of 18 up on BCL, PECO and MSCL at or near the limit. The Refinery sector rose 1.23% for a third straight session with all four names higher, and Power Generation and Distribution 1.19% with 11 of 16 up on KEL's 3.05% on 28m, SPWL's 4.50% on 8m and ALTN's 5.24%, with the Close-End Mutual Funds up 0.88% on two of three names and Pharmaceuticals 0.71% with eight of 14 up. The index engines were mixed: Fertilizer rose 0.21% with three of five up and Oil and Gas Marketing 0.07% on a five-five split with PSO up 1.09% on 4m, while the E&Ps fell 0.04% with three of four lower on OGDC's 1.04%, Cement 0.11% with 12 of 19 lower, and Commercial Banks 0.13% with 10 of 19 lower, BML's 2.10% and JSBL's 1.78% against AKBL's 1.23% and BAHL's 0.94%. Technology and Communication fell 0.22% with 12 of 22 lower as PTC's 2.65% on 4m, WTL's 2.04% on 12m and TPLT's 2.97% outweighed TRG's 1.62% on 5m and MDTL's 2.61% on 7m. The weakest sectors were Textile Weaving, down 1.76% with five of six lower, Transport 1.52% with all six names lower including PIBTL's 0.44% on 5m, Paper, Board and Packaging 1.14% on MACFL's 10% limit-down on 9m, Insurance 1.00% with 14 of 30 lower, Cable and Electrical Goods 0.88% and Chemical 0.64% with 15 of 26 lower on DAAG's 9.78%.