JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- March 04, 2021 (PPI-OT)

KSE-100 index still needs a breakout!

The KSE-100 index showed positive movement to close at 46,161 (+197 points). Volumes stood at 404mn shares versus 399mn shares traded previously. The index is expected to test resistance at the 30-DMA standing at 46,213 where a break above will resume the uptrend with 47,305 in sight. However, any downside will find support at the 50-DMA that stands at 45,626. The RSI and the MACD have shown improvement, suggesting a positive trend ahead. JS Securities Limited recommends investors to 'Buy' above...

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