FLASHNEWS:

Pakistan Market: KSE-100 Index Maintains Positive Momentum, Consolidation Expected to Continue

Karachi: The KSE-100 index gained 162 points, closing at 81,967, continuing its positive momentum. Trading volumes increased slightly, with 361 million shares exchanged compared to 359 million in the previous session.

According to JS Global, the index may revisit its recent high of 82,360, and a break above this level would set a new target of 82,906, which would mark an all-time high. However, any potential downside will likely find support between 81,540 and 81,950 levels. The Stochastic Oscillator and Relative Strength Index (RSI) continue to rise, reinforcing the positive outlook for the market.

Investors are encouraged to consider any downside as an opportunity to buy, with defined risks below the 81,529 level. The support and resistance levels are set at 81,544 and 82,375, respectively.