JS Securities Limited - Pakistan Market: Technical Outlook.
Karachi -- June 23, 2020 (PPI-OT)
KSE-100; Range bound activity expected
The KSE-100 index, after making a low of 33,071, recovered to close at 33,738, up 299 points. Volumes stood at 161mn versus 106mn shares traded previously. The index is expected to trade between the 50-DMA and the 30-DMA that are standing at 33,359 and 34,004, respectively. A break above or below is needed for a directional move. Meanwhile, the indicators are mixed, signaling no clear trading view. Investors are recommended to stay sellers below the 30-DMA. The...
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