JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- November 16, 2018 (PPI-OT)

KSE-100; Upside likely

The KSE-100 index showed positive movement to close at 41,429, up 435 points. Volumes stood flat at 255mn shares. If the gain continues, the likely target will be at the 200-DMA that is standing at 42,536. However, any downside will find support in the range of 41,105-41,285. Meanwhile, the RSI and the Stochastic Oscillator are heading up, supporting a positive view. JS Securities Limited recommends investors to 'Buy' at lower levels, keeping stoploss below 41,105...