·         Additional consolidation around the 75k and 24k levels for the KSE-100 and KSE-30, respectively

·         34 shares rose while 63 fell, with SYS PA (+3.34%), FFC PA (+0.82%), and PKGP PA (+7.5%) the biggest contributors to index gains

·         MCB PA (-1.75%), ENGRO PA (-1.42%), and THAL PA (-7.5%) were the key index drags

·         PRL PA (+0.07%) met with Chinese engineering, procurement, construction contractors, and financial institutions for productive talks on the refinery’s upgrade and expansion project as per a PSX filing

·         It appears the benchmarks are getting heavy here, and downside price action is likely to emerge in the coming weeks

·         74k remains near-term support, which keeps upside prospects alive; however, declines below 74k can trigger a –5 % drawdown in the index

Courtesy – Arif Habib Ltd Sales (KSE 100 index 30 mins)