<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bears domination continued as KSE-100 index declined for
another session to close at 164,531 level, down 736 points DoD. Volume stood at
1,570mn shares versus 1,275mn shares traded previously. The index is expected
to test support at 164,307 where a fall below that will target 162,113 level.
However, any upside will face resistance in the range of 165,180-166,080,
followed by 166,730 level. The RSI and the Stochastic Oscillator are moving
down, supporting a corrective view. We recommend investors to stay cautious on
the higher side and wait for dips. The support and resistance are at 163,648
and 166,072 levels, respectively.</span></li></ul>
