Elixir Securities Limited – Pakistan Market Wrap

Karachi, October 10, 2018 (PPI-OT): Closing Bell – Wide Swings!

Benchmark KSE100 index witnessed another volatile session today with intraday movement of 932 points while index managed to close in green at 38,792 level. Financials lead the point table contributing collectively over 170 points in today’s session. DG Khan Cement Co Limited DGKC PA +5%, Engro Polymer and Chemicals Limited EPCL PA +5% and Attock Refinery Limited ATRL PA +4.8% recovered from their day’s lows and traded at their respective upper limits, further boosting investors’ confidence today. Moving forward, we expect market to face immediate resistance around 39,200-39,700 levels.