Market Summary:
After weeks of consistent selling, the KSE-100 finally showed signs of reversal, closing higher at 161,632 with a strong bullish candle and long lower shadow. The index regained momentum above short-term averages, supported by buying in banks, cement, and select energy stocks. Market indicators suggest a short-term recovery phase is underway.

Bullish Zone (Momentum Recovery):
OGDC, PPL, MCB, NBP, DGKC, FFC, EFERT, AIRLINK, SYS, GAL
– Multiple counters generated buy signals, confirming early trend reversals.
– Energy and banking sectors are leading the recovery phase.
– RSI and Stochastic indicators turning positive, supporting further upside.

Neutral / Mixed Setup:
PSO, NETSOL, HUBC, PAEL, PIOC, MUGHAL
– Price action is stabilizing; still needs volume confirmation for continuation.
– Watch for follow-through breakouts above the 30–50 SMA clusters.

Weak / Cautious Zone:
GHNI, ATRL, SSGC, CPHL, GLAXO
– Trend remains technically weak, but short-covering may emerge.
– Best to avoid fresh entries until higher lows are confirmed.

✅ Market View (Updated Support & Resistance)

The recovery trend is likely to continue as long as KSE-100 sustains above short-term support.
• Support: 159,820 – 160,674
• Resistance: 162,170 – 162,370

A sustained close above 162,370 would further validate the ongoing bullish reversal. Momentum indicators remain favorable, suggesting continued recovery toward 165,830 levels in coming sessions.

Focus Stocks:

✅ OGDC | ✅ MCB | ✅ NBP | ✅ FFC | ✅ AIRLINK

As of 03, November, 2025

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