JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- September 09, 2022 (PPI-OT)

KSE-100; Consolidation to continue

Range bound activity continued for KSE-100 index as it closed at 41,825, up 59 points DoD. Volumes stood dull at 109mn shares versus 93mn shares traded previously. The index is expected to trade between the 50-DMA and 30-DMA which currently stand at 41,738 and 42,154 levels, respectively. A break on either side will set a market direction. The RSI and the Stochastic Oscillator have moved up, suggesting positive movement ahead. We recommend investors to view any downside as an opportunity to 'Buy'...

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