Technical Outlook: KSE-100 Index Extends Bullish Run, Closes Higher – By Darson Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan's benchmark KSE-100 Index continued its upward momentum, opening positively and sustaining gains throughout the day. Heavyweight stock Fauji Fertilizer Company (FFC) emerged as the primary index mover, surging over 8% to buoy overall market sentiment. This upbeat trend propelled the index to a positive close. Notably, aggressive buying totaling 31.5 million shares was observed in the final hour of trading, further bolstering market optimism. The Relative Strength Index (RSI) stood at 69.2indicating the market is approaching overbought territory.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On Daily chart, The KSE-100 Index formed a bullish candle, reaching an intraday peak of 82,958, ...