Technical Outlook: KSE100 Extends Bullish Momentum, Closes at Record 186,166.82 (+2.20%) – By HMFS Research
- The KSE100 is carrying bullish momentum this week as well and closed above another life high on a weekly basis at 186,166.82 with a weekly gain of +4,067.99 (+2.20%). The weekly traded volume stood at 2.48 billion, reflecting strong investor participation.
- The index continues to trade within the ascending wedge formation that has been developing since 16 December 2024. This wedge pattern historically tends to break from the support side, making the lower boundary of the wedge a critical level to watch.