<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">KSE-100 index witnessed a volatile session to close at
157,555 level, down 483 points DoD. Volumes stood at 1,666mn shares versus
2,048mn shares traded previously. The index is expected to test support at
157,245 (yesterday's low) where a fall below that will target 156,261 and
154,360 levels, respectively. However, any upside will face resistance in the
range of 157,880-158,850 levels. The RSI and the Stochastic Oscillator have
shown weakness, warranting a cautious stance. We suggest investors to stay cautious
on the higher side and wait for dips. The support and resistance are at 156,917
and 158,521, respectively.</span></li></ul>
