KSE-100 INDEX FELL NEARLY THAN 3000 POINTS DURING THE TRADING SESSION

The KSE-100 index keeps making the necessary corrections. Investors continued to sell on Tuesday at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index fell nearly than 3000 points during the trading session. The index lost (-925.35) 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 -72.64 (-0.11%) points and an intraday low of -2,843.89 (-4.36%) points. PKR appreciates marginally against the US Dollar and Oil testing resistance from EMA21.

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 949,995,503 and Rs.21,705,882.28 respectively. Index closed at 62,833.03 pts losing -2371.64 points from the index. Sectors contributing negatively to KSE100 index included Commercial Banks sector (-443.16pts), Oil and Gas Exploration Companies sector (-301.54pts) and Fertilisers sector (-228.79pts). Companies contributing negatively to the index included MCB(-75.50pts), OGDC(-128.56pts), DAWH(-97.28pts). The volume leaders included KEL(-11.11%), WTL(-13.33%), CNERGY(-21.98%). The scrips traded 341.07mn, 176.03mn and 131.72mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $78.27 and intraday low of $77.44. Oil is currently trading at $77.79 (3:37pm Tuesday, 19 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $73.04 and intraday low of $72.16. Oil is currently trading at $72.72 (3:37pm Tuesday, 19 December 2023 (GMT+5) Time in Pakistan).