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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
75,511.97
0.00(0.00%)
Closed

Karachi 100 Discussions

Outlook and Expected Levels For The Coming Session (May 29, 2024)..... The session ending as a Hanging Man is suggesting breather from bulls, however, lower volume total is indicating that there is no aggressive selling pressure on top yet. For the coming session, the index is having support at 74,880 – 74,620 range, while expected bottom is at 74,300, which can act as threshold between correction and bearish reversal. Upside is now seen restricted at 75,780 – 75,900 with expected top at 76200
The Session Wrap Up!!! Bulls Took A Breather Amid Weekly Hanging Man Formation – Index Ended With A Corrective Pullback By 465 Points.... The week started with a corrective pullback, as previous weekly closing with Hanging Man kept bullish momentum in check that resulted in a net loss of 465 Points. During the session, the index started on a positive note and posted a high of 76,187 and then correction took it to 75,485 before closing at 75,517. Volumes from KSE-100 Index Stocks clocked at a total of 195.29 Million, which is not just down by 37% from previous session but is the third consecutive low total and indicates that aggressive buyers are not willing to take bigger moves.
Outlook and Expected Levels For The Coming Week (May 27 To May 31, 2024).... The weekly closing as a Hanging Man is suggesting breather from the bulls, however, there is no threat of any bearish reversal, as the volumes in Hanging Man formation are not higher. For the coming week, the range between 76,890 and 77,200 can act as strong resistance and trigger healthy profit taking. While, support is now tilted up at 75,580 followed by 74,980.
The Weekly Session Wrap Up!!! Bulls Scored A Hat-Trick | Index Gained 640 Points Amid Roller Coaster Ride..... The bulls remained in control for the 3rd consecutive week, as index did not just hold the suggested weekly support, but achieved the weekly target as well. During the past week, the index tested our suggested support zone of 74,900, as the low of the week was 74,726 from where the already strong bulls took charge and pushed the index to as high as 76,248, as our suggested target was 76,230, before ending the week at 75,983 with a net gain of 640 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.132 Billion, which is not just down by 4% from previous week but is the 3rd consecutive low total and indicates that aggressive buyers are not coming to the field.
Outlook & Expected Levels For The Coming Session (May 24, 2024)..... The consolidation phase is likely to get over in coming 1-2 sessions, as constant support from 10-DMA zone of 74,670 with rise in volumes, from last session, are suggesting that buyers are coming back to the field. For the coming session, the index is likely to hit 75,370, followed by 74,580. While support is now getting tilted up at 74,990 followed 74,700.
The Session Wrap Up!!! Roller Coaster Ride Within Choppy Price Action Continued For 3rd Consecutive Session – Index Gained 157 Points..... The roller coaster ride within choppy price action continued for 3rd consecutive session, as index ended the session with a net gain of 157 Points. During the session, the index lower to witness a low of 74,726 and then it reached to as high as 75,284 before ending the day at 75,114 with a net gain of 157 Points. Volumes from KSE-100 Index Stocks clocked at a total of 336.88 Million, which is not just up by a whopping 83.6% from previous session but is the highest total since April 25 2025 and suggests that buyers made a comeback.
The Session Wrap Up!!! Roller Coaster Ride Continued – Index Witnessed A Loss Of 250 Points.... The previous session’s Doji kept index in choppy and indecisive price action, as index witnessed a net loss of 250 Points after swinging between suggested support and resistance. During the session, the posted a high of 75,513 and then fell to as low as 74,835 before ending the day at 74,956 with a net low of 250 Points. Volumes from KSE-100 Index Stocks clocked at a total of 183.5 Million which is up 15.4% from previous session and indicates that some buying was carried out at lower levels, as 39 Million or as much as 21% of the day’s total was generated when index fell to as low as 74,835 region towards the end of session.
Outlook and Expected Levels For The Coming Session (May 22, 2024).... The session ending as Doji formation suggests that index is likely to enter consolidation phase, where range bound price action can be seen for a few sessions and this can hurt volumes. However, Bulls have overall advantage above 74,300, which suggests that there is no threat of any aggressive selling or bearish reversal, as long as index is holding itself above 74,300. For the coming session, the range between 74,885 is seen as first support followed by expected bottom at 74,300 where aggressive short covering as well as fresh buying interest cannot be ruled out. On the upside, the range between 75,385 & 75,6000 is likely to act as resistance.
The Session Wrap Up!!! Bulls Recorded Another Victory Amid Choppy Price Action – Index Ended With A Net Gain Of 122 Points..... Despite previous session’s Bearish Deliberation Block based closing, the bulls recorded another victory, as index recorded a net gain of 122 Points. During the session, the index started with an upper gap and posted a high of 75,482 and then witnessed intra-day pullback to as low as 74,958 before ending the day at 75,206 with a net gain of 122 Points. Volumes from KSE-100 Index Stocks clocked at a total of 159.5 Million, which is up by 12.8% from previous session and suggests that buyers made some moves.
Outlook & Expected Levels For The Coming Session (May 21, 2024)..... The session ending as Bearish Deliberation Block with lower volumes suggests breather from bulls. However, there is no threat of any aggressive selling or bearish reversal, as long as index is holding itself above 74,300. For the coming session, the range between 74,780 is seen as first support followed by expected bottom at 74,300 where aggressive short covering as well as fresh buying interest cannot be ruled out. On the upside, the range between 75,780 & 76,050 is likely to act as resistance.
The Session Wrap Up!!! Bullish Momentum Stalled – Index Witnessed A Corrective Pullback By 258 Points..... The bulls took a breather, as index witnessed a corrective pullback by 258 Points, amid roller coaster price action. During the session, the index started with an upper gap and posted a high of 75,618 from where it witnessed corrective pullback ad fell to as low as 74,734 before closing the day at 75,084 with a net loss of 258 Points. Volumes from KSE-100 Index Stocks clocked at a total of 141.35 Million, which is not just down by 25% from previous session but is the lowest total since April 02 2024 and indicates that aggressive buyers were not convinced for making bigger moves.
Outlook & Expected Levels For The Coming Week (May 20 To May 24, 2024).... The weekly closing above 75,280 indicates that index has moved above the consolidation phase that triggers a new breakout and establishes a target zone of 76,050 – 76,230 for coming week. While, top for the week is seen at 76,950 – 77,050 range. Having said that, it is important to note that the index is constantly posting new highs but RSI on both Daily & Weekly timeframes is not moving inline with the price and this concludes that negative divergence is in place and suggests that Risk Management will be the appropriated action, instead of getting overexposed. Support for the week is now tilted up at 74,900 – 74,390 range, while expected bottom is at 73,500.
The Weekly Session Wrap Up!!! Bulls Pulled Index Out Of Upper Channel Consolidation – Index Ended The Week With Another All Time High Closing.... The bulls continued marching aggressively on charts and pulled the index out of consolidation formation, as index ended the week with another all time high based closing. During the week, the index started with yet another upper gapped opening and once again it maintained the gap and posted a high of 75,401 before ending the week at 75,342 with a massive weekly score of 2256 Points. Volumes from KSE-100 Index Stocks Clocked at a weekly total of 1.177 Billion, which is down by 15.6% from previous week and indicates that aggressive buyers were not convinced for making bigger moves.
Outlook and Expected Levels For The Coming Session (May 17, 2024)..... The back to back closings with Doji formation are suggesting indecision and consolidation, which usually hurts the volumes, as neither the bears not the bulls are able to find a breakout. This choppy price action is likely to continue in coming session as well. The support is seen at 74,700 with expected bottom at 74,300. Resistance is seen at 75,070 with expected top at 75,300 – 75,350 range. Noting that the level between 75,300 – 75,350 is the level where 200% extension of Fibonacci Calculation from December 2023 high of 67,093 and January 2024 low of 59,191 is lying, which can trigger profit taking. While, inconsistency in volumes and Negative Divergence in Daily & Weekly RSI are still points of concern that suggest Risk Management instead of getting overexposed.
The Session Wrap Up!!! Consolidation Continued For Second Session – Index Closed With A Net Gain Of 266 Points Amid Roller Coaster Ride..... After a brief pause in the previous session, the bulls made a comeback as index recorded a net gain of 266 Points to close the day at yet another al time high. During the session, the index remained stuck in a thin range, where neither bulls were able to break above 200% Extended Fibonacci level of 75,350, nor the bears were able to keep pressure below 74,400, as index posted a high of 75,029 and then closed the day at 74,930 with a net gain of 266 Points. Volumes from KSE-100 Index Stocks clocked at a total of 170 Million, which is not just down by 32% from previous session but is the lowest intra-day total since March 19 2024 and indicates that indecisive price action kept aggressive buyers on benches.
Outlook and Expected Levels For The Coming Session (May To May 15, 2024)... The session closing above 74,100 suggests that bulls have negated the indications of a Hyper Move and that paves path for the next target range of 74,950 – 75,350, where 75,350 is the level where 200% extension of Fibonacci Calculation from December 2023 high of 67,093 and January 2024 low of 59,191 is lying, which can trigger profit taking. While, inconsistency in volumes and Negative Divergence in Daily & Weekly RSI are still points of concern that suggest Risk Management instead of getting overexposed. Support is now tilted up at 74,120 with expected bottom at 73,600.
The Session Wrap Up!!! Raging Bulls Kept Excitement In Tact – Index Soared To New All Time Highs With Massive Score Of 732 Points..... The aggressive bulls remained strong on the charts, as index posted a new all time high to close the session with a massive score of 732 Points. During the session, the trend remained unchanged where index once again started the session with an upper gap and without filling that gap it posted a new all time high of 74,575 before ending the day at 74,531 with a massive score of 732 Points. Volumes from KSE-100 Index Stocks clocked at a total of 257.36 Million, which is down by 16.7% from previous session and indicates that aggressive buyers took some kind of pause.
Outlook and Expected Levels For The Coming Session (May To May 14, 2024).... The session closing above 73,300 keeps bullish aggression in tact for coming session with 74,160 as first target, followed by 74,500 as expected top for the session. Having said that, the move towards 74,100, the resistance on Weekly and Monthly timeframes, is suggesting that bulls have triggered a Hyper Move, which can result in an equally aggressive selling pressure. While, rising wedge formation since December 2023 highs, along-with Negative Divergence in Daily & Weekly RSI is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support is now tilted up at 73,320 with expected bottom at 72,900.
The Session Wrap Up!!! Bulls Continued Exploring Uncharted Territory – Index Reached And Closed The Session At New All Time High Levels...... The bulls continued their exciting journey into uncharted territory, as index soared by 713 Points to end the session at new all time highs. During the session, the index started session with an upper gap and without filling that gap, it achieved a new all time high of 74,114, before ending the day at 73,799 with a massive score of 713 Points. Volumes from KSE-100 Index Stocks clocked at a total of 308.96 Million, which is marginally down by 3% from previous session and indicates that there was no aggressive selling amid intra-day correction from 74,100 zone.
Outlook & Expected Levels For The Coming Week (May 13 To May 17, 2024)...... The weekly closing above 72,800 keeps aggressive bulls in control, with next target zone of 73,410 to 73,670 in sight for coming week, followed by 74,100, where top for the week is expected. Having said that, it is important to note that the index is constantly posting new highs but RSI on both Daily & Weekly timeframes is not moving inline with the price and this concludes that negative divergence is in place. While, rising wedge formation since December 2023 highs, is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support for the week is now tilted up at 72,890 – 72,600 range, while expected bottom is at 71,900.
The Weekly Session Wrap Up!!! Bulls Made An Aggressive Comeback – Index Ended The Week With A Gain Of 1183 Points... Despite previous week’s closing as a Hanging Man the bulls did not lose the control, as index closed the week with a massive gain of 1183 Points with spark in volumes. During the week, the index did not just open the week with an upper gap, but without filling the gap it posted a new all time high of 73,449 before ending the week at an all time high of 73,085 with a massive score of 1183 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.395 Billion, which is up by 44.5% from previous week and indicates that aggressive buyers returned to the field.
Welcome back Memon Sb
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Manda back
Market to lead towards 80,000 benchmark
Zalmo silkbank ko bi chala do tumhe Allah ka wasta ha 😔🙏🏻🙏🏻🙏🏻
Make Shaukat Tarin traitor sell his holdings--he owns 12%; Silk Bank will fly after that!
High
dead cat bounce
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