JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- July 02, 2020 (PPI-OT)

KSE-100; Upside to continue

The KSE-100 index showed positive movement to close at 34,889, up 467 points. Volumes stood at 315mn shares versus 223mn shares traded previously. If the gain continues, the initial target will be at 35,254, with a chance of later extending towards the 200-DMA at 36,127. However, any downside will find support in the range of 34,620-34,750. The RSI and the MACD are moving up, supporting a positive view. JS Securities Limited recommends investors to 'Buy' at lower levels, keeping stoploss below...