KSE-100 index points inclined to a high of 47,174.49 and a low of 46,306.91. Volumes inclined from 102 mn shares to 130 mn shares. KSE index closed below 0.236%(46,533.44) at 46,399.91, with a decline of 715.13 pts.
Technical Level of KSE-100
RSI created bearish momentum in the index, a decline of 9 points, closed at 54.19 as compared to the last close at 63.9. Aside, the 100-day moving average declined by 23 points closed at 46,718.32.
Outlook and Recommendation
We expect the index to show mixed performance and may shift towards the point at 45,500-47,000 level.
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