Technical Outlook: KSE-100; Consolidation expected - By JS Research
Jul 9 2025
JS Global Capital
- The KSE-100 index witnessed a volatile session, closing at the 133,403 level, up 33 points DoD. Trading volume stood high at 1,207mn shares, compared to 920mn shares traded previously. The index is expected to test resistance at yesterday’s high of 134,200; a break above this level could target 135,232 and 137,549. However, any downside is likely to find support in the 131,930–132,700 range. The RSI and Stochastic Oscillator are both in overbought territory, suggesting that a short-term correction cannot be ruled out. We recommend investors remain cautious at higher levels and wait for dips. The support and resistance are placed at 132,666 and 134,170, respectively.