KSE-100 Index Trend Score

KSE-100 Index (Last: 14527.25, down 37.23 points)

It was a typical profit booking day at Karachi Stock Exchange as investors booking profits in ICI, JSCL and HBL. The Index fell 37 points to close the day at 14527. We maintain our positive stance on the market and expect it to move higher from current levels. Major support is at 14500. Major resistance is at 14700.

Out of 27 stocks we cover, 22 are in the buy mode while 7 are in the sell mode. A few of the stocks are better placed compared to others. These stocks are AHCL, FFC, HUBC, MCB and PTC. We recommend buying the above mentioned stocks. We advice sell on rise in PSO, ENGRO and LOTPTA.