Positive Theme

Karachi: Despite a minute intra-day violation, the index managed to hold its immediate support around 11869 level yesterday. Recovery can be anticipated towards 12097~12133 area.

Failure to sustain 11869 would expose deeper support within 11782~11766 levels. Keeping faith with encouraging signals on weekly momentum data (MACD, RSI,STS), and short-term base intact in 11685~11500, we continue to aim for strength towards 12466 and 12764 levels.

Traders are suggested to capitalize at weakness. Preferred stocks include PSO, OGDC, ENGRO, NML, PTC, DGKC, UBL, NBP, and MCB.

For more information contact:
AKD Trade
Suite # 207, 2nd Floor
Continental Trade Centre, Block 8, Clifton
Karachi – Pakistan
UAN: 111-253-253
Branch UAN: 111-253-111
Fax: (+92-21) 3583-6517

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