KSE-100 Index Trend Score

The Index went up 1.90 points to close the day at 14761. Major gainer was PSO. The stock shot up 1.8% to close the day at Rs 254.76. Though the Index is showing strength but lack of momentum is making the day to day trading a boring stuff.

We maintain our positive stance on the market and expect it to move higher as long as it maintains the support levels at 14700 and 14500.

From today onwards, the Trend Score table will incorporate the “Swing Trading” recommendations along with the “Long Term Trending Profile” of the stocks.

The reason for including the “Swing Trading” is to make the stock table more action oriented. Historically, the average swing lasts for at least 3 to 5 days and generates 5% to 10% returns. The “Swing Trading” recommendations will be useful to both active traders and passive long term traders to ascertain the short term moves of the stock. The detailed explanation can be accessed by clicking this link.