AKD Securities Limited Equity Research - Daily Technicals.

Karachi -- September 22, 2022 (PPI-OT)

KSE-100: Bearish sentiment persists

Market View - Technical

The index opened on a positive note and faced a volatile session volatile. The local bourse posted an intraday high of 138pts, a low of 349pts and concluded with a loss of 255pts to settle at 40,966pts. The volumes clocked in the last trading session were comparatively higher than the previous trading session. The Index traded with a positive bias in the initial hour but lost all gains and continued to decline. The Index is sustaining below 61.8% of the Fibonacci retracement (39,541-43,888) and technical indicators seem to support a further decline in near future. The RSI (Relative...