JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- June 24, 2020 (PPI-OT)

KSE-100; Consolidation expected at the 30-DMA

The KSE-100 index extended the gain to close at 34,053, up 315 points. Volumes stood flat at 161mn shares. The index is expected to re-test support at the 30-DMA where a fall below will target the 50-DMA at 33,415. However, a break above 34,073 will extend the gain towards 36,025 (200-DMA). The indicators are mixed, signaling no clear trading view. JS Securities Limited recommends investors to stop selling above 34,073. The support...