KSE-100: Faces a volatile session,
AKD Daily Technicals
KSE-100: Faces a volatile session
- The index opened with a positive note and faced a volatile session. The Index posted an intraday high of 112pts, a low of 294pts and concluded with a loss of 256pts to settle at 45,818pts level. The index is currently trading above 200-SMA on daily chart. The volumes reflected in the last trading session were comparatively lower than the previous trading session. The index broke above the down trend line at 46,073 in the previous trading session, this trend line currently with an ending point at 45,601 may now provide downside support.
- The chart formation depicts that the index may find initial support near 45,700. A break below mentioned support can result into further weakness towards 45,500 and 45,300pts level. Alternatively, the index can face resistance near 46,100pts initially and then head towards 46,400 and 46,600 area. It is recommended to accumulate positions on weakness and trade with a cautious approach while use stop loss during intraday trading.
AKD Research
Muslim Commercial Bank, and its subsidiaries, are engaged in commercial banking and the floating, administration and management of modaraba companies, modaraba funds and modarabas.
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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