Market Overview (KSE-100 Index)
The KSE-100 index extended gains to close at the 166,186 level, up by 769 points. Trading volume reached 518 million shares compared to 586 million shares in the previous trading session.
- Resistance Levels: Initial resistance is expected at 166,877 (yesterday's high). A break above this level will open targets toward 167,385 and 169,438.
- Support Levels: Downside support is anticipated between 164,960 and 165,610 levels. A drop below 165,613 would signal a resumption of the downtrend.
- Technical Oscillators: Both RSI and Stochastic Oscillator have moved upward, backing a steady recovery scenario.
- Strategy: 'Buy on dips' with strict risk management defined below 165,613 level.
Highlighted Stocks Technical Calls
PSO (Pakistan State Oil):
- Strategy: Buy on dips
- Price Targets: Rs 368.89 & Rs 378.60
- Stoploss: Rs 359.10
DGKC (DG Khan Cement):
- Strategy: Buy on dips (pullback likely)
- Price Targets: Rs 186.10 & Rs 190.39
- Stoploss: Rs 179.15
Key Technical Levels Table
| Symbol | Close | Support (S1) | Pivot | Resistance (R1) | 14-D RSI |
|---|
| OGDC | 302.25 | 300.01 | 302.45 | 304.70 | 36.29 |
| PPL | 219.25 | 216.97 | 219.09 | 221.36 | 43.58 |
| ATRL | 1,209.38 | 1,199.26 | 1,210.13 | 1,220.25 | 61.48 |
| PSO | 364.09 | 359.53 | 363.66 | 368.23 | 62.67 |
| DGKC | 182.40 | 181.39 | 182.71 | 183.71 | 34.77 |
| HBL | 289.44 | 287.63 | 289.31 | 291.13 | 36.35 |
| UBL | 410.69 | 409.22 | 411.11 | 412.57 | 37.22 |
Disclaimer: This summary is prepared for informational purposes only. Investors should consult professional financial advisors before making investment decisions.
