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

Sector micro-analysis

Eleven of 33 sectors closed higher and 22 lower, with Leather and Tanneries (all six names lower) and Property (three lower, three unchanged) the only two of the 33 to close without an advancer. Several of the leaders were small groups: Modarabas rose 1.68% with 10 of 19 up on UCAPM, SINDM, PIM and FIBLM at or near the 10% limit, Cable and Electrical Goods 1.53% on EMCO's 10% limit-up on 0.55m with four of seven up, the Refinery sector 1.39% with all four names higher, the Close-End Mutual Funds 0.75% with all three up, and Transport 0.58% on CLVL's 9.99% on 3m with five of six names lower. The index engines were mixed to soft: Oil and Gas Exploration Companies rose 0.15% with two of four up on POL's 0.71%, Cement 0.08% with 14 of 19 lower on DNCC's 10.02%, while Commercial Banks fell 0.33% with 14 of 19 lower, BML down 1.56% and BOP 0.87% on 4m against MCB up 0.71%, Fertilizer fell 0.36% with two of five up, Oil and Gas Marketing 0.23% with seven of ten lower, and Power Generation and Distribution 0.13% with nine of 16 lower, KEL down 1.31% on 10m against SPWL up 2.21% on 11m. Technology and Communication rose 0.18% with 13 of 21 lower, TPLT up 7.46% on 14m and TRG up 2.22% on 9m against WTL's 1.04% fall on 12m. The weakest sectors were Leather and Tanneries at 3.92%, Glass and Ceramics 1.85% with six of eight lower, Paper, Board and Packaging 1.52% on MACFL's 10% limit-down, Property and Apparel 1.50% each, Textile Weaving with four of six lower, Investment Banks, Investment Companies and Securities Companies 1.02% with 24 of 35 lower on FCIBL's 10% limit-down and IML's 8.26%, and Chemical 0.93% with 19 of 25 lower.