JS Securities Limited - Pakistan Market: Technical Outlook.


Karachi -- April 18, 2019 (PPI-OT)

KSE-100 - Slide to continue

The KSE-100 index resumed the downtrend to close at 36,753, a loss of 629 points. Volumes stood at 173mn shares versus 140mn shares traded previously. The index is expected to target 36,465 (low of Apr 10, 2019); where a fall below will extend the decline towards 35,702. However, any upside will face resistance in the range of 36,950-37,155. The RSI and the Stochastic Oscillator have moved down, supporting a negative view. Investors are recommended to view any upside as an opportunity to 'Sell', with risk...

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