Karachi 100 (KSE)

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Outlook and Expected Levels For The Coming Session (May 29, 2024)..... The session ending as a Hanging Man is suggesting breather from bulls, however, lower volume total is indicating that there is no aggressive selling pressure on top yet. For the coming session, the index is having support at 74,880 – 74,620 range, while expected bottom is at 74,300, which can act as threshold between correction and bearish reversal. Upside is now seen restricted at 75,780 – 75,900 with expected top at 76200

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iMemon 6 hours ago

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The Session Wrap Up!!! Bulls Took A Breather Amid Weekly Hanging Man Formation – Index Ended With A Corrective Pullback By 465 Points.... The week started with a corrective pullback, as previous weekly closing with Hanging Man kept bullish momentum in check that resulted in a net loss of 465 Points. During the session, the index started on a positive note and posted a high of 76,187 and then correction took it to 75,485 before closing at 75,517. Volumes from KSE-100 Index Stocks clocked at a total of 195.29 Million, which is not just down by 37% from previous session but is the third consecutive low total and indicates that aggressive buyers are not willing to take bigger moves.

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iMemon May 24, 2024 11:28AM ET

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Outlook and Expected Levels For The Coming Week (May 27 To May 31, 2024).... The weekly closing as a Hanging Man is suggesting breather from the bulls, however, there is no threat of any bearish reversal, as the volumes in Hanging Man formation are not higher. For the coming week, the range between 76,890 and 77,200 can act as strong resistance and trigger healthy profit taking. While, support is now tilted up at 75,580 followed by 74,980.

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iMemon May 24, 2024 11:24AM ET

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The Weekly Session Wrap Up!!! Bulls Scored A Hat-Trick | Index Gained 640 Points Amid Roller Coaster Ride..... The bulls remained in control for the 3rd consecutive week, as index did not just hold the suggested weekly support, but achieved the weekly target as well. During the past week, the index tested our suggested support zone of 74,900, as the low of the week was 74,726 from where the already strong bulls took charge and pushed the index to as high as 76,248, as our suggested target was 76,230, before ending the week at 75,983 with a net gain of 640 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.132 Billion, which is not just down by 4% from previous week but is the 3rd consecutive low total and indicates that aggressive buyers are not coming to the field.

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iMemon May 23, 2024 12:57PM ET

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Outlook & Expected Levels For The Coming Session (May 24, 2024)..... The consolidation phase is likely to get over in coming 1-2 sessions, as constant support from 10-DMA zone of 74,670 with rise in volumes, from last session, are suggesting that buyers are coming back to the field. For the coming session, the index is likely to hit 75,370, followed by 74,580. While support is now getting tilted up at 74,990 followed 74,700.

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iMemon May 23, 2024 12:46PM ET

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The Session Wrap Up!!! Roller Coaster Ride Within Choppy Price Action Continued For 3rd Consecutive Session – Index Gained 157 Points..... The roller coaster ride within choppy price action continued for 3rd consecutive session, as index ended the session with a net gain of 157 Points. During the session, the index lower to witness a low of 74,726 and then it reached to as high as 75,284 before ending the day at 75,114 with a net gain of 157 Points. Volumes from KSE-100 Index Stocks clocked at a total of 336.88 Million, which is not just up by a whopping 83.6% from previous session but is the highest total since April 25 2025 and suggests that buyers made a comeback.

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iMemon May 22, 2024 8:58AM ET

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The Session Wrap Up!!! Roller Coaster Ride Continued – Index Witnessed A Loss Of 250 Points.... The previous session’s Doji kept index in choppy and indecisive price action, as index witnessed a net loss of 250 Points after swinging between suggested support and resistance. During the session, the posted a high of 75,513 and then fell to as low as 74,835 before ending the day at 74,956 with a net low of 250 Points. Volumes from KSE-100 Index Stocks clocked at a total of 183.5 Million which is up 15.4% from previous session and indicates that some buying was carried out at lower levels, as 39 Million or as much as 21% of the day’s total was generated when index fell to as low as 74,835 region towards the end of session.

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iMemon May 21, 2024 9:55AM ET

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Outlook and Expected Levels For The Coming Session (May 22, 2024).... The session ending as Doji formation suggests that index is likely to enter consolidation phase, where range bound price action can be seen for a few sessions and this can hurt volumes. However, Bulls have overall advantage above 74,300, which suggests that there is no threat of any aggressive selling or bearish reversal, as long as index is holding itself above 74,300. For the coming session, the range between 74,885 is seen as first support followed by expected bottom at 74,300 where aggressive short covering as well as fresh buying interest cannot be ruled out. On the upside, the range between 75,385 & 75,6000 is likely to act as resistance.

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iMemon May 21, 2024 9:49AM ET

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The Session Wrap Up!!! Bulls Recorded Another Victory Amid Choppy Price Action – Index Ended With A Net Gain Of 122 Points..... Despite previous session’s Bearish Deliberation Block based closing, the bulls recorded another victory, as index recorded a net gain of 122 Points. During the session, the index started with an upper gap and posted a high of 75,482 and then witnessed intra-day pullback to as low as 74,958 before ending the day at 75,206 with a net gain of 122 Points. Volumes from KSE-100 Index Stocks clocked at a total of 159.5 Million, which is up by 12.8% from previous session and suggests that buyers made some moves.

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iMemon May 20, 2024 10:02AM ET

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Outlook & Expected Levels For The Coming Session (May 21, 2024)..... The session ending as Bearish Deliberation Block with lower volumes suggests breather from bulls. However, there is no threat of any aggressive selling or bearish reversal, as long as index is holding itself above 74,300. For the coming session, the range between 74,780 is seen as first support followed by expected bottom at 74,300 where aggressive short covering as well as fresh buying interest cannot be ruled out. On the upside, the range between 75,780 & 76,050 is likely to act as resistance.

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