JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- June 08, 2020 (PPI-OT)

KSE-100; Consolidation likely

The KSE-100 index showed positive movement to close at 34,350, up 231 points. Volumes stood at 89mn shares versus 144mn shares traded previously. The index is expected to consolidate at current levels. Meanwhile, a fall below 34,082 will continue the corrective trend with 33,582 in sight. However, a break above 34,410 will cause the uptrend to resume. The indicators are mixed, signaling no clear trading view. JS Securities Limited recommends investors to stay sellers on the higher side, with risk...