NRL falls sharply in two sessions; strong downward momentum and sector underperformance
At a glance
- Momentum: strong downward momentum with a 13.77% fall this week.
- Against sector: NRL -13.77% vs sector average -11.91% this week.
- Price range: sits at Rs478.94, the six‑day low versus a high of Rs575.79.
- Key economic factor: Brent crude is down 9.28% this month.
This week
National Refinery Limited (NRL) dropped 13.77% over two trading days, sliding from Rs555.44 to Rs478.94 between 2 Nov and 3 Nov. The move accelerated on 3 Nov when the stock closed at Rs478.94, the session low. Volume on the day was 2,777,354 — well above the six‑day average of 1,647,063 — which confirms the selling pressure. There were no TFD news mentions or company-specific announcements in the supplied record to explain the swing.
This month
Across the three trading days recorded for November (1–3 Nov) the stock is down 13.77%, matching the weekly fall. By contrast the KSE‑100 is up 0.97% for the month, underlining that NRL has markedly underperformed the broad market. Within the Refinery sector, NRL’s week decline is larger than the sector average fall of 11.91% and larger than peer Attock Refinery Ltd’s week loss of 10.05%.
The longer trend
TFD’s price record for NRL begins on 29 Oct 2026. Over the available six trading‑day window from 29 Oct to 3 Nov the stock has fallen 16.82% (from Rs575.79 to Rs478.94). Weekly closes moved from Rs555.44 (week ending 1 Nov) to Rs478.94 (week ending 3 Nov). Momentum is listed as strong downward momentum and the sector signal is underperforming its sector, both consistent with the recent price action.
What investors should watch
Watch volume and weekly closes: rising volume with lower closes has confirmed the sell‑off so far. Monitor Brent crude (down 9.28% this month) and domestic petrol/diesel prices (Rs376.06 and Rs398.07 per litre as of 28 Oct) because changes in crude or domestic fuel pricing affect refinery working capital and margins. Keep an eye on USD/PKR moves (‑0.1% this month) and any company announcements or sector developments; a sustained recovery above the recent Rs555.44 high or a drop below the current low of Rs478.94 on strong volume would change the technical picture.
Prepared after the close from PSX prices, the sector and the economy, and TFD's reporting, and checked automatically against the data. It describes how the share has performed and the factors around it — it is not a recommendation to buy, sell or hold.