All four refineries hit the 10% limit-down while the KSE-100 edges up 0.09% to 166,564.06, 11.14% below the record, as 318 names decline

Sector micro-analysis

Seven of 33 sectors closed higher and 26 lower, with two closing without an advancer: the Refinery sector (all four names at or within 0.03% of the 10% limit-down) and Transport (all six lower). The gains were small and thin: Apparel rose 4.62% with three of four up on MSOT's 9.93%, STYLERS's 5.35% and INKL's 5.27%, Synthetic and Rayon 2.01% on PSYL's 10.00% on almost no volume, Leather and Tanneries 1.73% on PAKL's 10.00% on 0.11m with two of six up, Cement 0.64% with 9 of 19 up on FECTC's 6.81%, FCCL's 2.93% on 4m and DGKC's 2.36% against DNCC's 5.94% fall, the Close-End Mutual Funds 0.55%, Fertilizer 0.34% with four of five up and Miscellaneous 0.13%. The Refinery sector fell 9.99%, the deepest fall on the board, followed by Transport at 3.45% on CLVL's 9.86% on 2m and SLGL's 5.86% on 3m, Insurance 2.88% with 17 of 28 lower on PINLR's 55.40% and TPLL's 10.02% on 4m, Technology and Communication 2.01% with 17 of 21 lower on ZAL's 9.59%, SYM's 8.52% and TPL's 7.02% on 6m against ZUMA's 9.27%, Sugar and Allied Industries 1.81% with 20 of 28 lower, Chemical 1.77% with 19 of 26 lower on BAPL's 10.00% on 7m and BAPLR1's 21.64%, Textile Weaving 1.59%, Power Generation and Distribution 1.55% with 10 of 16 lower on KEL's 2.59% on 8m and NGLEL's 10.02%, Textile Composite, Pharmaceuticals 1.34%, Engineering 1.26%, Property 1.25%, Investment Banks, Investment Companies and Securities Companies 1.06% with 22 of 33 lower, and Cable and Electrical Goods 1.02%. Elsewhere, Commercial Banks fell 0.40% with 10 of 19 lower, SCBPL down 6.61% and BML 3.24% against NBP up 1.58% on 2m, and the E&Ps fell 0.08% with MARI up 3.15% against OGDC's 1.66% fall on 3m.