KSE-100_Faces bullish session, (AKD Technical Daily Jun 20, 2022)
Market View — Technical
The index opened on a slightly positive note and remained bullish session. The local bourse posted an intraday high of 690pts and concluded
with a gain of 411pts to settle at 42,141pts level. The volumes witnessed in the last trading session were higher than the previous trading
session. The index has been facing bullish sessions since the last week. Any dip in the index seems to be a good opportunity because short
term charts are bullish and indicate for a further upside move in near future.
The chart formation depicts that the index may find initial support near 41,900. A break below mentioned support can result into further
weakness towards 41,500 and 41,300pts level. Alternatively, the index can face resistance near 42,500pts initially and then head towards
42,800 and 43,100 area. It is recommended to accumulate positions on weakness with risk defined below support zone.
KSE-100: Faces bullish session
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.
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