The dominant bullish trend in the index continued on Friday, with the benchmark KSE-100 index surpassing the 75,000 mark at the close. The index achieved higher highs and higher lows daily and weekly, finishing the session at a new record high, signaling ongoing bullish momentum.

The immediate continuation of this bullish run targets the 75,456 – 75,713 range, with support at 74,698. Breaking above 75,713 could push the index to 75,900 – 76,133 points. Immediate support lies between 75,236 – 75,115, and falling below 75,115 would indicate a potential drop towards 74,930 – 74,698 points. Expecting further upward movement in the next session, we raise the risk level for the index to 74,698, targeting 75,456 – 75,713 and 75,900 – 76,133.

Courtesy – AHL Technical