JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- April 24, 2019 (PPI-OT)

KSE-100; Expected target at 35,764 and 35,110

Bears continued to dominate the session as the KSE-100 index lost 498 points to close at 36,404. Volumes stood low at 120mn shares versus 126mn shares traded previously. The index is expected to test support at 36,136 (yesterday's low); where a fall below will extend the decline towards 35,764, with a chance of later extending towards 35,110. However, any upside is expected to face resistance in the range of 36,480-36,790. The RSI and the Stochastic Oscillator have moved down, supporting a negative view. JS Securities Limited recommends...