<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The KSE-100 index extended the decline to close at 147,494
level, down 941 points DoD. Volumes stood at 857mn shares versus 665mn shares
traded previously. If the decline continues, the initial target will be at
146,057 which may be extended to the 30-DMA that is currently at 143,494 level.
However, any upside will face resistance between 148,020 and 148,710 levels.
The RSI has generated a sell signal and the Stochastic Oscillator is heading
down, supporting a corrective view. We recommend investors to stay cautious at
current level. The support and resistance are at 146,808 and 148,709 levels,
respectively.</span></li></ul>
