KSE-100_Low volumes witnessed, (AKD Technical Daily Jun 13, 2022)
AKD Daily Technicals
KSE-100: Low volumes witnessed
- The index opened on a slightly positive note and faced a bullish session. The local bourse posted an intraday high of 340pts and concluded with a gain of 279pts to settle at 42,015pts level. The volumes witnessed in the last trading session were lower than the previous trading session. The Index is currently trading below minor moving averages on daily chart. Daily parabolic SAR (Stop and Reverse) is currently appearing below the current level of the index.
- The chart formation depicts that the index may find initial support near 41,700. A break below mentioned support can result into further weakness towards 41,400 and 41,000pts level. Alternatively, the index can face resistance near 42,300pts initially and then head towards 42,700 and 43,100 area. It is recommended to trade with a cautious approach and use stop loss during intraday trading.
AKD Research
Maple Leaf Cement Factory is engaged in the production and sale of white cement, grey cement and clinker. Co. is a subsidiary of Kohinoor Textile Mills Limited.
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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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