<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The KSE-100 index extended the gain to close at the 158,237
level, up 292 points DoD. Volumes stood at 1,781mn shares versus 1,521mn shares
traded previously. The index is expected to face resistance between 159,040 and
159,340 levels. A break above that will start a new momentum towards 159,953
and 161,274 levels. However, any downside will find support in the range of
157,245-157,900 levels. The indicators are mixed, signaling no clear trading
view. We recommend investors to stay cautious on the higher side and wait for
dips. The support and resistance are at 157,897 and 158,811 levels,
respectively.</span></li></ul>
