07/11/2024
*_`SUGGESTIONS FOR KSE 100 INDEX NOVEMBER 8, 2024 - (FRIDAY)`_*
*_92,520.48⏫+499.04(+0.54%)_*
*_High: 92,694.53📈_*
*_Low: 92,185.69📉_*
*_VOLUMES: 322.63 M_*
*_⬆️257↔️47⬇️145 TOTAL 449_*
The index continues its winning streak and gains investor confidence by each passing day. Volumes and values reduced from the last session. Pak rupee closed slightly down by 0.02% against the US dollar today.
Investors remained optimistic regarding positive macroeconomic fundamentals and better result announcements. Furthermore, expectations of a yield decline in the upcoming T-Bills and PIBs auctions next week also contributed to the positive momentum. In addition to that, the Fed is widely anticipated to reduce its benchmark policy rate by a quarter of a percentage point to a range between 4.5% and 4.75%, a well broadcast follow up to the half point reduction was approved in September. Moreover, MSCI added 8 Pakistani companies to its small cap index.
We advise investors to remain optimistic if the index is traded above 92800 level and more excitement can be seen over & above 93200 levels. The stop loss should be around the 92200 mark. _KEEP THE MOMENTUM GOING._
*_`EXPLORE THE OPPORTUNITIES & ENSURE STOP LOSS.`_* is advised.
*`91,500` looks to be a good support level.*
*STOP LOSS 🤚 is the key to success.*
*_`CSAP, AIRLINK, POWER, PACE, KOSM, FFL, SEARL, CPHL, SSGC, ATRL, GHNI, HCAR, OGDC, PPL & PSO.`_* good for day trade.
*_`MUHAMMAD ASJAD AFZAL`_*
*_`0300-8443301`_*
_Branch Manager_
_Punjab Capital Securities (Pvt) Ltd._ _LAHORE_
*Disclaimer:* The stock suggestions provided are for general information purposes only and should not be considered as personalized investment advice. Please conduct your own research and due diligence before making any investment decisions. We are not liable for any losses resulting from the use of our suggestion