KSE-100 CLOSES WITH A BIG BEARISH CANDLE FOR THE WEEK (-988.47)

The KSE-100 index closed the week on negative trajectory. KSE-100 ran into correction after rising to record high. Pakistan Stock Market index lost nearly 4500 points for the week. The index added (+245.55) points in the previous session.

KSE 100 READY FOR A PULL BACK OR A SMALL CORRECTION?

KSE100

The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 301.65 (0.48%) points and an intraday low of -1,124.43 (-1.79%) points. PKR closes the week on upward trajectory against USD and Oil trading above EMA21 on a daily timeframe.

OUR WEEKLY KSE100 TECHNICAL ANALYSIS REPORT

KSE-100 INDEX DROPS 439.83 POINTS

PKR APPRECIATES BY 6.79 PAISA AGAINST USD

GOLD PER TOLA AND XAU/USD TECHNICAL ANALYSIS

The VOLUME and VALUE TRADED (000’s) stood at 333,554,752 and Rs.8,794,464.94 respectively. Index closed at 61,705.09 pts erasing -988.47 points from the index. Sectors contributing negatively to KSE100 index included Oil and Gas Exploration Companies sector (-210.92pts), Commercial Banks sector (-193.11pts) and Cement sector (-105.21pts). Companies contributing negatively to the index included PPL(-100.89pts), HBL(-66.38pts), OGDC(-59.09pts). The volume leaders included KEL(-8.90%), FFL(+4.98%), CNERGY(-4.84%). The scrips traded 114.00mn, 86.00mn and 70.08mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $80.31 and intraday low of $79.32. Oil is currently trading at $79.77 (5:35pm Friday, 22 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $74.85 and intraday low of $73.83. Oil is currently trading at $74.33 (5:35pm Friday, 22 December 2023 (GMT+5) Time in Pakistan).