- KSE 100 rebound above 103,700 after sharp sale. Karachi Stock Exchange Recovers amidst India-Pakistan tension …
The KSE 100 Index, the Benchmark stock index of the Pakistan Stock Exchange (PSX), based on Karachi, returned to losses on Friday, which bouncing above 103,700 after a Sunday penalty. On Wednesday, the index was nosedived nearly 6% on a single day, driven by a sudden spike in Indian-Pakistan tension that spooked investors and triggered circuit breakers.
Short exchange stopped trading after the benchmark dropped 6% on a single day, the worst slide since mid -2023
But Friday bounce doesn't mean we're no longer in the woods.
KSE 100 Chart Analysis
- Support: 101,601 – Defended hard this week
- Next floor: 94,540 – Low from December's panic
- Short -term resistance: 105,900
- Oversold Read: RSI touched 26.48, suggesting a technical bounce
- Stronger ceilings: 112,040 – Major Hurdle for bulls
- MacD: still bearish – sellers haven't left the room yet
So far, the rebound looks like a dead cat bounce than a full recovery. The momentum remains negative, and in geopolithic uncertainty is still swirling, volatility is likely to stick.
See also
What's next for the KSE100 index?
Unless the KSE100 can recover and handle above 105,900, it can be a breath before lowering the next leg. A slide back under 101,600 will expose the index to deeper losses, perhaps in the 94,000 zone.
For short-term entrepreneurs, this is a wait-and-watch market. For long -term investors, this is a reminder that the risk is not lost; It's just regulating.
