Jun 05,2023

Pearl Technical REP-058

Technical Analysis
KSE 100: Technical Outlook
The benchmark index snapped two days losing streak and closed the day at 41352 gaining 86 points. Going forward immediate resistance lies at 41700-
900 which bulls need to take out to keep moving north, doing so will lead it towards 42300-500 which is the current hard top. On the downside support
resides at 41100-600 which is the confluence of ascending trend line and horizontal support and bulls need to sustain said area to avoid sell off.

DGKC: Technical Outlook

In a stellar move bulls were able to take out the neckline resistance area (52) and closed the day around 54 which is the mild resistance, sustaining
above which will lead it towards 56-58 and even 63 respectively. On the downside now support resides at 52 and 49 which is the confluence of 200 DSMA
and horizontal support which bulls need to sustain, failure doing so will muddy the bullish water and may turn the buyers in to sellers.

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as to its accuracy or completeness and it should not be relied upon as such. The material contained in this report is based on data obtained from sources we deem to be reliable; it is not guaran-
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 Jun 05,2023 Technicals| Pakistan

PNSC: Technical Outlook

After a stellar move currently stock is stalled around resistance area (139-143) which bulls need to take out to keep moving north, doing so will lead it
towards 155 and 171 respectively. On the downside immediate support lies around 118 ( confluence of ascending trend line and 26 DEMA) which is the
current stop loss for the longs and break below said area will trigger selling pressure and expose downside towards 95-92.

UBL: Technical Outlook

After consolidating around support area (114) stock bounced well to close the day at 119.84. Going forward immediate resistance lies at 121-123 which
bulls need to take out to keep moving north, doing so will lead it towards 127 initially and current hard top resides at 132-135. On the downside support
resides at 117-114 which bulls need to sustain, failure doing so will muddy the bullish water will further expose downside towards 109 and 105 respec-
tively.

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 Jun 05,2023 Technicals| Pakistan

LOTCHEM: Technical Outlook

As indicated earlier stock honored the support around 26 and bounced, currently closed the day at 28.27. Going forward immediate support lies at 27.60-
27.30 which bulls need to sustain, doing so will lead it towards 29.20 an 30.40 respectively. On the other hand break below 27 will trigger selling pres-
sure towards 26-25.50 which is the current major bottom area which bulls need to sustain to avoid panic sell off.

Stocks Last Rate Current Closing Chg. (%) Expected Trading Range Support Resistance Status Action

KSE-100 41266 41352 +0.86% 38000-42500 39200 42100 Bearish Buy on Dip
PTC 6.14 6.09 -0.81% 5.20-7.40 5.50 6.70 Neutral Buy on Dip

HUBC 67.93 68.53 +0.88% - 60 76 Positive Buy on Dip

PSO 99.17 99.03 -0.14% 102-140 110 130 Positive Buy on Dip
OGDC 75.23 75.34 +0.15% 70-105 77 96 Neutral Buy on Dip

POL 427.86 424.19 -0.86% 340-4460 370 430 Neutral Buy on Dip

PPL 58.07 58.06 -0.02% 50-85 60 75 Neutral Buy on Dip

MCB 114.79 114.76 -0.03% 90-160 105 140 Neutral Buy on Dip

NBP 20.61 20.74 +0.63% 20-35 23 29 Neutral Buy on Dip

HBL 72.96 72.18 -1.07% 50-102 58 83 Neutral Buy on Dip
UBL 114.80 119.84 +4.39% 82-150 95 130 Neutral Buy on Dip

BOP 3.65 3.70 +1.37% 4.10-8 4.70 6.30 Neutral Buy on Dip

BAFL 28.52 28.59 +0.25% 28-39 30 37 Neutral Buy on Dip

FFBL 11.20 11.22 +0.18% 12-28 15 21 Neutral Buy on Dip

LUCK 516.62 515.60 -0.20% 430-560 460 520 Positive Buy on Dip

DGKC 51.03 53.84 +5.45% 43-66 51 59 Positive Buy on Dip

MLCF 27.86 28.39 +1.90% 22-32 24 30 Positive Buy on Dip

ATRL 165.79 164.85 -0.57% 140-198 160 180 Positive Buy on Dip

LCI 583.13 579.02 -0.70% 480-650 530 605 Positive Buy on Dip