KSE-100 falling towards critical support level

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KSE-100 falling towards critical support level

Benchmark KSE-100 index opened on a slightly positive note and remained negative throughout the previous trading session ending in negative with a low traded volume of just 37 million shares. The index lost 369 points to close at 31,650 points. Volumes remain dry as investors participation remain subdued.

The technical chart highlights that the benchmark KSE-100 can find first support near 31,500. A break below mentioned support could drag the index towards 31,100 and eventually to the psychological level of 30,000.

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