KSE-100 Index
Last: 14526.41, down
26.87 points
The Index is maintaining uptrend amid falling momentum
ratings due to stalled prices. We maintain our positive view but lack of
velocity is a point of concern.
MCB is the only overbought stock among our
Pakistani universe. As shown on the chart the uptrend has stalled. We like the
stock mainly due to its high Trend Score at “17”, however, the risk of a breakdown
will increase greatly if MCB fails to move higher in the next couple of days or
it goes below Rs 185.00 support.
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