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Karachi 100 (KSE)

Karachi
Currency in PKR
114,466.31
+109.97(+0.10%)
Delayed Data

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (March 11, 2025)..... Rejection from suggested Weekly Resistance and closing as a Long Upper Shadow suggests congestion that caused breather based pullback. Having said that, the low volumes are suggesting that it was just a breather, not any panic or exhaustion, which keeps upper hand the bulls. For coming session, the index is likely to test support zone of 114,180 – 113,800, where 113,800 – 113680 is likely to work as intra-day bottom and trigger healthy buying. On the Upside, the resistance is seen at 114,700 – 114,950 zone, with expected top at 115,250 – 115,400 zone.
The Session Wrap Up!!!  Bulls Exhausted At Key Turning Point – Index Lost 42 Points Amid Roller Coaster Ride.... The bulls lost control at key zone of breakout, as after a roller coaster ride the index closed the day with a net loss of 42 Points. During the day, the index started with an upper gap and posted a high of 115,048, from where the suggested weekly resistance played its role and triggered profit taking to drag the index to as low as 114,152 before closing the day at 114,356. Volumes from KSE-100 Index Stocks, clocked at a total of 165 Million, which is down by 29% from previous session and suggests that aggressive buyers took a break at key resistance zone.
I think it'll resist at this level..
Outlook & Expected Levels For The Coming Week (March 10 to 14, 2025)..... It was the first week to end with a Long Lower Shadow formation that not just negates previous three Long Upper Shadows that suggested selling from higher side, but suggests exhaustion from sellers at lows. Having said that, it would have been a much better closing if it was above 115,900 as it would have broken the hard top ceiling and helped in healthy volume generation. For the coming week, the index is likely to face resistance at the range between 114,950 – 115,560, while expected top is at 115,700 – 115,950 range. Bulls need stronghold above 115,950 on session closing basis, with increase in volumes and without any candle that indicates exhaustion or hesitation, in order to be able to take on 116,680  - 116,800 range. On The Downside….. The last resistance at 113,600 is seen as immediate support, while expected bottom is at 112,750.
The Week’s Wrap Up!!!  Bulls Closed 4th Consecutive Week In Gains To Record Biggest Winning Streak Since December 2024.... The bulls remained in control for 4th consecutive week and recorded biggest weekly winning streak in the year 2025, as index gained 1147 points on weekly terms, amid low volumes. During the week, the index witnessed a low of 111,717 and then posted a high of 114,724 before closing the week at 114,398. Volumes from KSE-100 Index Stocks clocked at a week total of 835.48 Million, which is not just down by 34% from previous week, but is the lowest total in last 4 weeks and indicates that the gains were mainly due to short covering.
Outlook & Expected Levels For The Coming Session (March 7, 2025)... The closing above 112,700 with better volumes, along-with Higher High & Higher Low scenario is suggesting that bulls are bracing for a comeback. For the coming session, the index is likely to face resistance at 113,950 – 114,100 range and in order to maintain recovery, hourly closing need to be above 114,100 with healthy volumes and without any candle that suggests hesitation. Doing so, can put 114,600 or card, where threshold between “current” Neutral trend and “next” Bullish trend is lying. On The Downside…. Support is seen at 113,220 with expected bottom at 112,800.
The Session Wrap Up!!!   Bulls Negated Selling Pressure From Previous Session – Index Recorded A Gain Of 1459 Points To Close At 5 Days High.... The bulls remained in control, despite pullback in the previous session, as index closed the day at highest level in 5 days with much better volumes. During the session, the index started with an upper gap and then without filling that gap it posted a high of 113,871 before ending the day at 113,713 with a net gain of 1459 Points. Volumes from KSE-100 Index Stocks clocked at a total of 240.88 Million, which is not just up by a whopping 52.8% from previous session but is the highest total in last 6 sessions and indicates that buyers made some aggressive moves, especially above 113,100 zone.
Outlook & Expected Levels For The Coming Session (March 5, 2025)..... Back to Back bounces from the suggested weekly support at 111,800 and then closing above 112,500 with a Piercing Line formation is suggesting that a firm support is getting in place. However, the low volumes are not suggesting healthy participation from aggressive buyers, instead indicates short covering and that is a point is a point concern for sustained recovery. For the coming session, the index needs to break 113,200 and hold itself above this level for at-least 2 1 hourly closing and that should be with higher volumes and without any candle of hesitation, in order turn short covering into some buying and pave path for 114,200 followed by expected top at 114,600. On the downside, the support is seen at 112,500 – 112,390 range, with expected bottom at 111,800. Noting that session closing below 111,800 can trigger another round of selling till 111,200 – 110,900 range.
The Session Wrap Up!!!   Bulls Licked Their Wounds – Index Posted 1st Gain In 5 Sessions With Low Volumes.... The bulls snapped 4 days winning streak of the bears, as they scored 1st win in last 5 sessions. During the session, the index witnessed a low of 111,717 and then bulls staged a recovery by taking the index to as high as 112,877 before closing the day at 112,743 with a net gain of 743 Points. Volumes from KSE-100 Index Stocks clocked at a total of 101.17 Million, which is down by 6.3% from previous session and suggests that the recovery was mainly due to short covering.
Outlook & Expected Levels For The Coming Session (March 4, 2025)..... The closing below 112,500 has further strengthened the bears, who can take the index to 111,265 – 110,900 range in early hours of the session and since the intra-day indicators are in extremely oversold region, the said zone can restrict the fall. However, volumes need to play the important role, as higher volumes, at a average of 50 Million on hourly terms are “ideally” needed to negate Dead Cat Bounce, otherwise, the index can be exposed to 110,300 – 110,150 range where corrective cycle is likely to be completed. We suggest Buying The Dips. The short term upside target can be 112,240 – 112,970 range, while stronghold above 113,380 can stretch the upside till 114,000.
The Session Wrap Up!!!   Bears Started The Week And Month In Bloodbath – Index Shed 1264 To Close 4th Consecutive Session In Loss.... The bears remained in control for 4th consecutive session, as then triggered bloodbath on the first day of the week and month and took out 1,264 Points from the index kitty. During the session, the index started on a positive note to post a high of 113,591 and then bears took control and dragged the index to as low as 111,829 before closing the day at 111,986 with a massive loss of 1264 Points. Volumes from KSE-100 Index Stocks clocked at a total of 107.99 Million, which is not just down by a massive 53% from previous session but is the lowest total since February 7 2025 and suggests that buyers were scared of making any aggressive move.
Outlook & Expected Levels For The Coming Week (March 24 to 7, 2025)..... The Back to Back Long Upper Shadow scenario and constant rejection from 115,500 zone is suggesting further correction. Having said that the index has already attempted an escape from the Symmetrical Triangle, which suggests a comeback by the bulls. Moreover, the index, despite having 2 Long Upper Shadow Candles, is having a Higher High & Higher Low formation for the 4th consecutive week, that suggests end of correction. For the coming week, the index support is seen at the range between 112,600 & 111,850 with expected bottom 111,200 & 110,900 range. While resistance is seen at 114,435 with expected top at the range between 115,300 -115600. Strategy shall be Buy The Dips.
The Weekly Session Wrap Up!!!  Bulls Recorded A Hat-Trick | Index Gained 450 Points Amid Low Volumes..... The past week witnessed a range bound activity, as suggested in the weekly outlook, where neither bulls nor the bears were able to make an aggressive move, as index recorded 3rd weekly gain amid low participation. During the week, the index started with a low of 111,857 and then posted a high of 115,889, from where profit taking based pullback was witnessed in the last 3 sessions of the week to close the week at 113,251 with a net gain of 450 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.277 Billion, which is not just down by a whopping 30% from previous week, but is the lowest total in last 3 weeks, suggesting that aggressive buyers preferred taking sidelines.
Outlook for the Month of March 2025 & Expected Levels...... First and foremost, the historical pattern for the month of March favors bears, as since the year 2010, the bears have won nine times, while bulls have been victorious for 6 times. While from the charts view, the previous month’s price action had a lower high and lower scenario with constant rejection from 115,500 zone suggests further correction. Having said that, the lower volumes are indicating that there is no threat of any panic based bearish reversal, yet. Moreover, the index has attempted an escape from last month’s Symmetrical Triangle, that may help bulls in making a comeback. Hence, the strategy for coming month shall be, Buy The Dips. For coming month, the support is seen at the range between 111,900 – 111,200, with expected bottom at the range between 110,150 – 109,800. On the upside, the resistance is seen at the range between 114,800 & 115,300, while expected top is at 116,200 – 117,600 range.
Review of the Month of February 2025.... Bears Scored 2nd Consecutive Win – Index Lost 1004 Points Amid Low Volumes..... The historical trend of the month of February continued, as bears remained in control for second consecutive month, where index lost 1004 points amid lower volumes. During the month of February, the index remained in the suggested range of 109,700 & 116,000, where it first witnessed a low of 109,405 and then posted a high of 115,889, before ending the month at 113,251 with a net loss of 1004 Points. Volumes from KSE-100 Index Stocks clocked at a total of 5.11 Billion, which is not just down by 22% from previous month, but is the lowest monthly total since September 2024 and suggests that buyers were not convinced to make ant aggressive move.
OUTLOOK FOR FEB 28 2025.... The coming session will be ending the week and month and therefore high volatility cannot be ruled out. While, poor volumes are suggesting that consolidation phase is likely to continue. For the coming session, the index has support in the range of 113480 – 113020, while breach of 112900 can expose 111580 – 111500 range where bottom for the day is seen. On the upside, resistance is seen at 114400 – 114600 range, while expected top is at 115300 – 115,480 range.
REVIEW OF FEB 27 2025…. Bears recorded 2nd consecutive win, as index shed 78 points to close at 113784, amid volatility. During the session, the index started with a bounce and posted a high of 114456 and then came under profit taking based pressure to witness a low of 113729 before ending the day at 113,784 with a net loss of 78 Points. Volumes from KSE-100 Index Stocks clocked at a total of 207 Million, which is not just down by 38% from previous session, but is the lowest total since February 10 2025 and suggests that aggressive buyers were not willing to taking positions.
Outlook & Expected Levels For The Coming Week (Feb 26, 2025).... The Shooting Star based closing with higher volumes is suggesting exhaustion from bulls. Having said that, the index holding itself above 113,800, which indicates that it has surpassed a short term cycle top. Now, bulls need to break the resistance at 115,900 to escape Consolidation Phase and shift the trend from Neutral to Bullish. While on intra-day terms, the support is seen at 114,300 with expected bottom at 113,800 – 113,730. While resistance lies at 115,200 with expected top at 115,780 – 115,830
The Session Wrap Up!!!   Bulls Scored 2nd Consecutive Win Amid Roller Coaster Ride – Index Closed At One Month High With Higher Volumes.... The bullish  continued marching on charts for 2nd consecutive session, as amid a roller coaster ride the index recorded a net gain of 197 Points to close at highest level since January 24 2025. During the session, the index started with an upper gap and posted a high of 115889 and then witnessed aggressive profit taking that dragged it to as low as 114178 before closing the day at 114,528 with a net gain of 197 Points. Volumes from KSE-100 Index Stocks clocked at a total of 290.8 Million, which is not just up by 36% from previous session but is the highest total in last 3 sessions and since the day ended as a Shooting Star, it indicates aggressive selling from higher side.
Outlook & Expected Levels For The Coming Week (Feb 24 to 28, 2025).... The Long Upper Shadow candle is suggesting profit taking, while constant failure to surpass 114,400 is suggesting a hard top in the making. For the coming week, the support range to watch is 112,590 – 112,180, where healthy support is lying that may not break so easily. However, breach of 112,100 on a session aggravate selling and expose 111,600 – 111,300 followed by 109,880 where bottom for the week is seen. On the upside, the resistance is seen at a range between 113,300 – 113,730 and top for the current short term cycle is at 114,400.
The Week’s Wrap Up!!!  Bulls Remained Strong Amid High Volatility – Index Recorded 2nd Consecutive Week In Gains With Higher Volumes..... The bullish momentum continued for 2nd consecutive week, as index recorded a net gain of 715 amid high volatility. During the past week, the index remained well supported by previous week’s Inverted Hammer with higher volumes, and posted a high of 114,444 before ending the week with heathy profit taking at 112,800. While, the low was 111,513, which was witnessed earlier in the week. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.83 Billion, which is up by 34.5% from previous week and suggests buying interest. Most Importantly, the final session of last week witnessed a bearish spell by more that 900 points and in that session the volumes were lowest in the week suggesting that there was no panic, just healthy profit taking on weekly closing.
Outlook & Expected Levels For The Coming Session (Feb 21 2025)..... Closing of the session above 113,700 with higher volumes suggests strength from bulls as they are breaking weekly resistance. For coming session, which is going to end the week, bulls “ideally” need to break 115,500, as this will be giving a complete Morning Star candle on weekly terms and surpass the threshold between Neutral & Bullish trend. While, on short term the resistance is still in the range of 114,300 – 114,600. On the downside, the support is seen at 113,400 with expected bottom at the range between 113,050 and 112,850.
The Session Wrap Up!!!   Bulls Scored A Nat-Trick – Index Recorded A Gain Of 396 Points With Highest Volumes In The Year 2025.....  The bullish momentum continued for 3rd consecutive session, as in another a roller coaster ride the index posted a net gain of 396 points with higher volumes. During the session, the index started with an upper gap and posted a high of 114,202 and then witnessed a pullback to as low as 113,606 before closing the day at 113,739 with a net gain of 396 Points. Volumes from KSE-100 Index Stocks clocked at a total of 507 Million, which is by far the highest volume I the year 2025 and suggests healthy buying interest amid volatility.
Outlook & Expected Levels For The Coming Session (Feb 20 2025)..... Index facing rejection from 113,900 and last session’s closing as Shooting Star are indications of exhaustion from bulls. Having said that, the higher volumes at lower side are indicating buying interest. Hence, to conclude, the index is likely to consolidate within a thin range, between 112,800 & 113900. While threshold between Bullish & Neutral trend is lying at 115,500 . On the downside, the expected bottom is at 112,050.
he Session Wrap Up!!!   The bulls momentum continued for 2nd consecutive session, as amid a roller coaster ride the index posted a net gain of 253 points. During the session, the index started with an upper gap and posted a high of 114,029, from where profit taking was witnessed that caused a drop to as low as 113,060 and then bulls pushed the index above 113,300 to close the day at 113,342. Volumes from KSE-100 Index Stocks clocked at a total of 461 Million, which is not just up by 32% from previous session but is the highest daily total in the year 2025, so far. The day’s closing as Shooting Star with such high volume is suggesting selling from high, however, in the intra-day price action is seen, the scenario is buying the dip, as out of the 461 Million, there was a chunk of 266 Million or as much as 58% of the day’s total that was generated at intra-day lows suggesting that lows attracted buying interest.
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