JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- November 01, 2022 (PPI-OT)

KSE-100; Consolidation likely

KSE-100 index witnessed a slight adjustment to its previous decline to close at 41,265, up 124 points. Volumes stood low at 97mn shares versus 178mn shares traded previously. The index is expected to revisit yesterday's high of 41,375 where a break above that will target the 30-DMA at 41,635, followed by the 50-DMA at 41,866. However, a fall below 41,115 will cause the downtrend to resume with 40,745 and 40,418 in sight. The indicators are mixed, signalling no clear trading view. JS Securities Limited recommends investors to view any...