Karachi, July 10, 2023 (PPI-OT): KSE-100 likely to revisit its recent high

KSE-100 index witnessed a range bound activity to close at 44,207, up 28 points DoD. Volume stood at 248mn shares versus 298mn shares traded previously. The index is likely to revisit Friday's high of 44,294 where a break above that will target its recent high of 44,512 which may extend to 45,024. However, any downside will find support in the range of 43,980-44,100 levels. The RSI and the MACD have moved up, supporting a positive view. JS Securities Limited recommends investors to 'Buy' at lower levels, with risk defined below 44,087. The support and resistance are at 44,098 and 44,305 points, respectively.

ATRL: Upside to continue

Strategy: 'Buy on dips' - targeting Rs205.58 and Rs211.50; stoploss at Rs196.00.

ISL: Closed above 200-DMA

Strategy: 'Buy on dips' - targeting Rs48.57 and Rs50.59; stoploss at Rs44.51.