JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- October 31, 2019 (PPI-OT)

KSE-100; Range bound activity expected

The KSE-100 index closed the session lower at 33,761, down 36 points. Volumes stood at 130mn shares versus 225mn shares traded previously. The index is likely to revisit yesterday's low of 33,671 where a fall below will kick off the corrective trend with 33,115 in sight. However, any upside will face resistance at 33,951 where a break above will lead to further gain towards 34,697, followed by 35,438 (200-DMA). JS Securities Limited recommends investors to stop buying below 33,671...