JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- November 08, 2019 (PPI-OT)

KSE-100; Consolidation expected above the 200-DMA

The KSE-100 index witnessed a range bound activity to close at 35,758, up 105 points. Volumes stood at 266mn shares versus 298mn shares traded previously. The index is likely to revisit yesterday's high of 35,834 where a break above will target 36,434. However, any downside will find support at 35,458, followed by the 200-DMA at 35,320 where a fall below will kick off the corrective trend. The RSI has improved, while the Stochastic Oscillator is heading down, signalling no clear trading view. JS Securities Limited...