<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The KSE-100 index witnessed a range bound activity to close
at 146,492 level, down 38 points DoD. Volumes stood at 474mn shares versus
647mn shares traded previously. The current pattern suggests further
consolidation ahead. However, a fall below Friday's low of 146,270 will
initiate a corrective trend with 145,537 and 144,027 as the downside targets.
However, any upside will continue to face resistance between 147,530 and
147,980 levels, respectively. Meanwhile, the RSI and the MACD have shown
weakness, warranting a cautious stance. We recommend investors to stay cautious
at current level. The support and resistance are at 145,996 and 147,260 levels,
respectively.</span></li></ul>
