AKD Securities Limited Equity Research - Daily Technicals.

Karachi -- September 19, 2022 (PPI-OT)

KSE-100: Closes below 50-SMA

Market View - Technical

The index opened on a positive note and faced a volatile session. The local bourse posted an intraday high of 149pts, a low of 169pts and concluded with a loss of ?93pts to settle at 41,679pts. The volumes clocked in the last trading session were slightly lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Index) is currently trading at 42 level and has just reached its lowest value in the last 14 trading sessions which cements a bearish view. The Index is currently below its minor moving averages on daily...

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