KSE-100_Range bound activity witnessed,(AKD Technical Daily May 31, 2022)
AKD Daily Technicals
KSE-100: Range bound activity witnessed
- The index opened with a positive bias and remained bullish throughout the last trading session. The local bourse posted an intraday high of 398pts and concluded with a gain of 179pts to settle at 43,040pts level. The volumes witnessed in the last trading session were comparatively lower than the previous trading session. Bollinger Bands are 49.81% wider than normal. The large width of the bands suggest high volatility as compared to the normal range of the local bourse. The current value for the 14 period RSI (Relative Strength Index) is 44.68.
- 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 42,450 and 42,250pts level. Alternatively, the index can face resistance near 43,300pts initially and then head towards 43,500 and 43,750 area. It is recommended to accumulate positions on weakness with risk defined below recent low.
AKD Research
TRG Pakistan Limited is a holding company. The principal activity of the Company is to acquire, invest and manage operations relating to business process outsourcing, online customer acquisition, marketing of medicare related products, and contact center optimization services through its subsidiary, The Resource Group International Limited. It operates through four segments: call center, software and artificial intelligence business, medicare health insurance and market research. Its call center segment involves the provision of customer service support through telephone. Its Software and artificial intelligence (AI) segment provides optimized call outcomes for contact centers by pairing agents with callers based on behaviors and other related data. Its Medicare health insurance segment is engaged in marketing medicare insurance policies to senior citizens and other eligible individuals in the United States. Its market research segment provides analytical and consultation services.
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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