Technical Outlook: KSE-100: Eases off amidst heavy volumes – By AKD Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The index opened on a positive note but went through a highly volatile session. It recorded an intraday high of 659 points and a low of 2,318 points before closing with a decline of 1,356 points at 149,235. Trading volumes jumped 55% compared to the previous session. The KSE-100 is trading 26.9% above its 200-period moving average, maintaining an upward trend. Volatility remains in line with the average of the last 10 periods. Volume indicators suggest moderate inflows, reflecting a mildly bullish sentiment, while trend forecasting oscillators continue to signal a bullish outlook, sustained over the past 65 periods. Momentum indicators, however, show that the index is currently in overbought territory.</span></li></ul><ul><li><span style="font-family...