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.

KSE100 MARKET SUMMARY

OUR WEEKLY KSE100 TECHNICAL ANALYSIS REPORT

 

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).

OIL GOING UP? – TECHNICAL ANALYSIS

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