JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- July 09, 2020 (PPI-OT)

KSE-100; Expected target at the 200-DMA

Positive movement continued for the KSE-100 index as it gained 322 points to close at 35,695. Volumes stood at 318mn shares versus 334mn shares traded previously. The index is likely to continue the uptrend with 36,210 (200-DMA) as the next target. However, any downside will find support at yesterday's low of 35,373 where a fall below will kick off the corrective trend with 34,374 in sight. The RSI and the MACD have continued to rise, supporting a positive view. JS Securities Limited recommends investors to...