AKD Securities Limited Equity Research - Daily Technicals.
Karachi -- September 20, 2022 (PPI-OT)
KSE-100: Faces bearish session
Market View - Technical
The index opened on a positive note and remained volatile. The local bourse posted an intraday high of 217pts, a low of 177pts and concluded with a loss of ?159pts to settle at 41,521pts. The volumes clocked in the last trading session were lower than the previous trading session. The Index is currently 4.6% below its 200-period moving average. Volatility is low when compared to the average volatility over the last 10 trading sessions. Volatility along with sharp fluctuations in the near future could be expected. Volume indicators reflect volume flowing in and out of the...
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