JS Securities Limited - Pakistan Market: Technical Outlook.

Karachi -- November 14, 2022 (PPI-OT)

KSE-100 closed above the 200-DMA; 'Positive'

KSE-100 index witnessed another positive session to close at 43,093 level, up 192 points DoD. Volumes stood at 233mn shares versus 294mn shares traded previously. The index has closed above the 200-DMA that indicates potential further upside. The next target is expected at 43,634 which could later extend to 44,229. However, any downside will find support at 42,977 (200-DMA), followed by 42,806. Meanwhile, the RSI and the MACD have continued to rise, supporting a positive view. JS Securities Limited recommends investors...