KSE-100_Approaching towards 200-SMA
AKD Daily Technicals
KSE-100: Approaching towards 200-SMA
- The index opened on a positive note and remained volatile throughout last trading session. The Index posted an intraday high xxThe index opened on a slightly positive note and remained volatile throughout the last trading session. The Index posted an intraday high of 124pts, a low of 343pts and concluded with a loss of 291pts to settle at 45,653pts level. Volumes declined by 12% in comparison of previous session. The index has been closing in red for the last four consecutive trading sessions and finally has landed near 200-SMA on daily chart. Daily parabolic SAR is currently appearing below the current level of the index which still cementing a bullish view over the index.
- The chart formation depicts that the index may find initial support near 45,550. A break below mentioned support can result into further weakness towards 45,200 and 44,900pts level. Alternatively, the index can face resistance near 45,900pts initially and then head towards 46,200 and 46,500 area. It is recommended to accumulate positions on weakness and trade with a cautious approach while use stop loss during intraday trading.
AKD Research
United Bank is engaged in commercial banking and related services. Co. operates five business segments: Corporate Finance, Trading and Sales, Retail Banking, Commercial Banking and Asset Management. As of Dec 31 2016, Co. operates 1,341 branches inside Pakistan including 47 Islamic Banking branches and 2 branches in Export Processing Zones, and 18 branches outside Pakistan.
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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