JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- December 13, 2019 (PPI-OT)

KSE-100; Corrective trend remains intact

The KSE-100 index witnessed a volatile session to close at 40,514, down 17 points. Volumes stood at 227mn shares versus 305mn shares traded previously. The index is likely to continue the corrective trend with 39,447 as the downside target. However, any upside will face resistance in the range of 40,765-40,915 where a break above will lead to further gain towards 41,617. The RSI and the Stochastic Oscillator are moving down, supporting a corrective view. JS Securities Limited recommends investors to 'Sell on...