JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- June 12, 2020 (PPI-OT)

KSE-100; Upside likely

Another positive session for the KSE-100 index as it closed at 35,129, a gain of 64 points. Volumes stood at 271mn shares versus 219mn shares traded previously. The index is expected to revisit yesterday's high of 35,254 where a break above will target the 200-DMA at 35,884. However, any downside will find support at 34,995 where a fall below will target the 30-DMA at 33,865. The RSI and the MACD are moving up, supporting a positive view. Investors are recommended to view any downside as an opportunity to 'Buy', keeping...