JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- May 19, 2021 (PPI-OT)

KSE-100; Upside to continue with 46,840 in sight

The KSE-100 index showed positive movement to close at 45,982 (+186 points). Volumes stood at 537mn shares versus 437mn shares traded previously. If the gain continues, the initial target will be at 46,840, with a chance of later extending towards 47,388. However, any downside will find support in the range of 45,720-45,880. The RSI and the MACD have continued to rise, supporting a positive view. JS Securities Limited recommends investors to 'Buy' at lower levels, keeping stoploss...