KSE-100_Inches down amidst low volumes ,(AKD Technical Daily May 20, 2022)
AKD Daily Technicals
KSE-100: Inches down amidst low volumes
- The index opened on a slightly negative note and remained volatile throughout the last trading session. The local bourse posted an intraday high of 232pts, a low of 88pts and concluded with a loss of 43pts to settle at 42,983pts level. A lackluster activity witnessed amidst low volumes in comparison of previous trading session. The Index is currently trading below short term moving averages on daily chart. The volume indicators reflect moderate flows of volume out of the Index (mildly bearish). Trend forecasting oscillators seem bearish on the local bourse and have had this outlook for the last couple of trading sessions.
- The chart formation depicts that the index may find initial support near 42,700. A break below mentioned support can result into further weakness towards 42,500 and 42,300pts level. Alternatively, the index can face resistance near 43,300pts initially and then head towards 43,500 and 43,800 area. It is recommended to trade with a cautious approach and use stop loss during intra day trading.
AKD Research
Co. is engaged in the production and sale of Ordinary Portland and Sulphate Resistant Cements.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.