AKD Securities Limited Equity Research - Daily Report.
Karachi -- November 03, 2022 (PPI-OT)
KSE-100: Remains bullish; upside likely
Market View - Technical
The index opened on a positive note and remained volatile throughout the last trading session. The local bourse posted an intraday high of 196pts, a low of 82pts and concluded with a gain of 136pts to settle at 41,945pts. The volumes clocked in the last trading session were comparatively lower than the previous trading session.
The index is currently 2.6% below its 200-period moving average on daily chart and sustaining above minor moving averages. Volatility is high when compared to the average volatility over the last ten trading sessions. Trend forecasting oscillators are bullish and...
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