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Karachi 100 (KSE)

Karachi
Currency in PKR
115,739.87
+886.53(+0.77%)
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Karachi 100 Discussions

The weekly closing above 114,100 with a Hammer and higher volumes is suggesting exhaustion from bears. While, looking at Weekly 20-MA, the historical pattern since June 2023 is suggesting that index has found a decent support, as whenever the index has tested the said support, it has bounced by at-least 24%. Moreover, on the Daily Timeframe, the index has honored support of 100-DMA lying at 110,930 and this further supports that a short term bottom is in place, as since June 2023, the index has never given any day’s closing below 100-DMA. Having said that, it is important to note that the bulls have lost a lot of strength and in order to regain the momentum, they need to hold the index above 116,700 for at-least 2 consecutive sessions and that too with higher volumes and without any candle that show hesitation. The support for coming week is seen at 114,100 – 113,680 range with expected bottom at 112,150. While resistance is seen at 115,400 – 116,100 range with expected top at 116,800.
The Weekly Wrap Up!!! Index Witnessed Biggest Intra-Day Loss In History To Close With Biggest Weekly Loss Since Feb.... The past week witnessed a bloodbath, as aggressive bears roared and attacked the charts so brutally that index witnessed biggest intra-day loss on first day of the week and then closed the week with biggest weekly loss since February 2025. During the past week, the index started with a lower gap and tested a low of 110,103, on the very first day of the week where it fell by more than 8000 Points witnessing the biggest intra-day loss in the history and then bounced off the lows to reach 117,484 before closing the week at 114,853 with a massive loss of 3938 Points, the biggest weekly loss since February 2025. Volumes from KSE-100 Index Stocks clocked at a total of 1.63 Billion which is not just up by a whopping 217% from previous week but is the highest weekly total since February 2025 and since the weekly candle was a Hammer, this high volume indicates buying on dips.
Market seems bearish
OUTLOOK FOR APRIL 11 2025..... Failure to surpass 117700 and closing of the day below 116400 is not a sign of encouragement for continuation of recovery. Having said that, the short term indicators that went into extremely oversold region during start of the week, as still in highly oversold condition and suggest that bears are  likely to remain seated for sometime. This concludes that index is likely to remain choppy with short term bulls having upper hand. Support for the coming session is seen at 115800 with expected bottom at 114000. While resistance is seen at 117500, with expected top at 118700.
SESSION WRAP-UP!!!! The bulls roared once again, as after bloodbath in previous session, the index did not just start the session with an upper gap, but maintained that gap till end of the day. During the session, the index started at 117094 and posted an intra-day high of 117484, from where intra-day profit taking based pullback was seen till 116130, yet index remained in gains to close the day at 116189 with a massive score of 2036 Points. Volumes from KSE-100 Index Stocks clocked at a total of 391 Million, which is not just up by 67% but is the highest intra-day total since March 20, 2025 and since 100 Million or as much as 26% of the day’s total was traded during 1st hour of the day, when index was a session highs, the higher volume generation was likely a result of distribution.
Much lesser drawdown than global markets.
032046@8614
84k is the support. I've been patiently waiting to buy at that level.
Outlook & Expected Levels For The Coming Week (April 07 to 11, 2025).... Index faced rejection from suggested Monthly Target of 120,900 (Refer To Monthly Outlook) and ended the week as Long Upper Shadow, which suggests selling from higher levels, especially when the final session of the past week ended as Shooting Star with higher volumes. On the other hand, the index has escaped Bull – Pennant resistance, lying at 117,600, which indicates that a strong breakout is already in place and that breakout was retested in the past week before a strong bounce towards 120,796, as well. To conclude, a choppy price action is likely to be witnessed, in the coming week, with overall advantage to the bulls. The support for coming week is seen at 118,250 – 117,900, with expected bottom at 117,200 zone. On the upside, the resistance is seen at 119,890 – 120,300 range, with expected top at 120,960 – 121,500.
The Weekly Wrap Up!!!  Bulls Returned To The Field After Resting For A Week – Index Soared To New All Time Highs Amid Roller Coaster Ride.... The bulls made an aggressive comeback to the field, as index posted a new all time high and despite intra-day profit taking on the last day of the week, it closed the week at higher ever level. During the week, the suggested breakout point of 117,300 played its vital role, as index witnessed a low of 117,508 and then posted a new all time high of 120,796 before witnessing healthy profit taking on the last day and still closing the week at higher ever level of 118,791 with a gain of 984 Points. Volumes from KSE-100 Index Stocks clocked at a total of 514.4 Million, which is down by 31.4% from previous week and since there were only 2 trading sessions in the past week, this low volume is not having any significance.
Outlook & Expected Levels For The Coming Session (April 04, 2025).... Closing the day above 118,250 is aggressively bullish for the index, with 119,100 – 119,470 as the target sone for coming session. Noting that 119,470 – 119,600 range can act as top for the day. However, any hourly closing, especially the mid-day closing above 119,600 with higher volumes and without any candle that indicates hesitation, can bring 119,990 – 120,400 into focus. On the downside, the support is seen at the range between 118,530 – 118,250, while expected bottom is at 117,900.
The Session Wrap Up!!!  Bulls Made An Aggressive Comeback – Index Gave The Highest Ever Closing Amid Improvement In Volumes.... The bulls made an aggressive return to the field, after resting for 2 sessions, as index witnessed a massive gain of 1131 points to close the day at higher level ever. During the session, the index started negative and witnessed a low of 117,508 and then the bulls pulled it up to as high as 119,179 before closing the day at 118,938 with a massive gain of 1131 Points and at the highest closing level ever. Volumes from KSE-100 Index Stocks clocked at a total of 201 Million, which is up by 4% from previous session and indicates that aggressive buyers came into field, especially after stronghold above 118,400.
Outlook & Expected Levels For The Coming Week (April 03 to 4, 2025).... It is important to note that due to Eid Holidays, the coming week will only be having 2 trading sessions. The Hanging Man based closing is suggesting breather from bulls and since the volumes are lower, the candlestick pattern is not posing any threat of exhaustion, and only indicates breather in the current momentum. Moreover, the closing above 117,300 is keeping upper hand with the bulls. For the coming week, the index is likely to test 118,430, while expected top is at 118,800 – 119,400 range. The support is seen at 117,350, with expected bottom at 116,850 – 116,700.
The Weekly Wrap Up!!!  Bulls Lost Control After 6 Consecutive Wins – Bears Recorded 1st Win In 7 Weeks And Took Out 635 Points From The Kitty.... The bears snapped bullish winning streak of 6 weeks, as index witnessed a corrective pullback by 635 Points with poor volumes. During the past week, the index was under pressure since start of the week, where it posted a minor gain of 118,797 and then fell to as low as 115,877 before closing the week at 117,806 with a net loss of 635 Points, recording first loss in last 7 weeks. Volumes from KSE-100 Index Stocks clocked at a weekly total of 750 Million, which is not just down by 47% from previous week but is the lowest weekly total since February 2025, and since the week ended as a Hanging Man, is indicates breather from bulls.
Outlook for the Month of April 2025 & Expected Levels:.... First and foremost, the historical pattern for the month of April favors bulls, as since the year 2010, the bulls have won 12 times, while bears have managed to close just 3 months in their name. While from the charts view, the previous month’s price action and closing above 116k zone are suggesting bullish continuation that can be aggressive with volumes as well. The main reason behind this forecast is a successful breakout from Symmetrical Triangle, which was attempted in the previous month and now is confirmed. For the month of Aprill the index is likely to test the range of 119,490 – 120,900 and that is possible during first half of the month. While, closing that half above 121,200 can extend the upside till 123,270 – 124,050 range, where top for the month is likely to be seen. Support for the month is seen at 116,300, while expected bottom is at 113,200
Review of the Month of March 2025..... Bulls Roared And Snapped The Winning Streak Of Bears – Index Gained By 4555 Points Gave Highest Monthly Closing Ever..... The bulls roared after resting for 2 months, as they broke the historical curse of the month of March by not only giving a massive gain of 4555 Points, but closing the month at higher level ever. During the month of March, the index tested our suggested support zone of 111,900 – 111,200, as it witnessed a low of 111,717 and then bounced to a new all time high level of 119,421 before closing the month at 117,806. Volumes from KSE-100 Index Stocks clocked at a total of 3.9 Billion, which is not just down by 23.6% from previous month, but is the lowest monthly total since September 2024 and indicates that aggressive buyers were not active to the fullest. One major reason could be the month of Ramadan, in which not only the trading hours are less, but there are holidays as well.
Must close above 117850 for new targets of 124500
Outlook & Expected Levels For The Coming Session (March 27, 2025).... The session’s closing as a look alike of Hanging Man with higher volumes is not a good sign for the ongoing recovery from “short term correction”, as it suggests distribution at higher level. Having said that, the closing above 117,350 keeps upper hand with the bulls, who much break the resistance at 118,305, and stay above that level for at-least an hourly closing and generate volumes, without any candle that suggest hesitation. Doing so, can pave path for 119,270 – 119,400 range. On the downside, the support is seen at 117,350, below which index can test 116,700, where bottom is likely.
The Session Wrap Up!!!  Bulls Recorded 2nd Consecutive Win – Index Posted A Gain Of 1139 Points Amid Higher Volumes..... The previous session’s Bullish Doji Star played its vital role and helped the index in posting gains, as bulls recorded 2nd consecutive win with higher volumes. During the session, the index started with an upper gap and posted a high of 118,220, which was just shy of the suggested top of 118,350 and then witnessed some profit taking to close the day at 117,772 with a net gain of 1139 Points. Volumes from KSE-100 Index Stocks clocked at a total of 231.39 Million, which is not just up by 46.4% from previous session but is the highest total in last 4 sessions and indicates that aggressive buyers came into play. Having said that, it is important to note that low volumes during negative sessions and then higher volumes during gapped openings is usually a sign of distribution.
Outlook & Expected Levels For The Coming Session (March 26, 2025).... The Bullish Doji Star based closing is indicating breather from bears and suggests bounce. However, the lower volumes are a point of concern and suggest that there was short covering at lower side, not bigger buying interest. This concludes that choppy trading is likely to continue and as was mentioned in the Weekly Outlook, the coming session can be trendsetter for the rest of the week and next month as well. Overall, the strategy shall be to Buy the Dips. Support for coming session is seen at the range between 116,050 & 115,380. While on the upside, 117,200 is likely to restrict some gains, while expected top is at 118,350
The Session Wrap Up!!!  Bulls Licked Their Wounds – Index Recorded First Gain In Three Sessions Amid Low Volumes..... A wild roller coaster ride was in play, where bears took a breather and bulls recorded 1st win after 2 consecutive sessions of bigger losses. During the session, the index started in negative zone and tested a low of 115,877 from where bounce was seen to as high as 116,904 before closing at 116,633 with a net gain of 193 Points. Volumes from KSE-100 Index Stocks clocked at a total of 158.06 Million, which is not just down by 5% from previous session but is the lowest total since March 12 2025 and suggests that the recovery was mainly due to short covering.
Outlook & Expected Levels For The Coming Session (March 25, 2025)..... The Evening Star based closing is favoring bears who can take the index to 116,350 – 116,150, followed by 115,550 – 115,380 range, where bottom of the current corrective move is likely to be seen. It is important to note that since the intra-day indicators are now going into extremely oversold region, any fall can trigger buying interest. Hence, the strategy shall be to Buy the Dips. On the upside, the resistance is seen at 118,280, with expected top in short term at 119,350.
The Session Wrap Up!!!  Bears Scored 2nd Consecutive Win – Index Fell To 5 Days Low With Volumes Generating At Lower Side..... Based on previous session’s Bearish Engulfing, the index remained under pressure as corrective pullback dragged it to 5 days low. During the session, the index started in positive zone and posted a high of 118,797 from where selling pressure dragged it to as low as 116,257 before closing the day at 116,439 with a massive loss of 2002 Points. Volumes from KSE-100 Index Stocks clocked at a total of 167.1 Million, which is down by 3% from previous session and suggests that fall was just a corrective pullback and there was no panic. In fact, the intra-day price action is suggesting buying interest at lower side, as out of 167.1 Million, 91 Million or as much as 54% of the day’s total was generated when index was trading below 117,500.
Outlook & Expected Levels For The Coming Week (March 24 to 28, 2025).... The bullish aggression is likely to continue in coming week, as a strong is triggered above 117,600. However, on short term, there is a chance of minor pullback, as index has faced back to back rejections from 119,400 and has closed the last session of past week, with Bearish Engulfing formation. Hence, the first 2 sessions of the week can act as trendsetter. Support for the week is seen at 117,950 – 117,600, while expected bottom is at 116,800. The resistance is seen at 119,780 – 119,980 range, with expected top at 121,400
The Weekly Session Wrap Up!!!   Index Ended 6th Consecutive Week In Gains – Bulls Recorded Biggest Winning Streak Since October 2024.... The bullish aggression continued for 6thconsecutive week, recorded the biggest winning streak since October 2024, as index climbed to new all time high to close the week with a massive gain of 2906 points. During the past week, the index witnessed a low of 115,883 and then climbed to as high as 1119,421 before closing the week at 118442, recording 6th consecutive week in gains and highest weekly closing of all times. Volumes from KSE-100 Index Stocks clocked at a total of 1.43 Billion, which is up by a whopping 99.8% from previous week and indicates that aggressive buyers were active, especially after breakout above 117,600.
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