KSE-100 – Weekly OutlookKSE 100 IndexPSX_DLY:KSE100JustTechnicalsTaking lead from our previous analysis, the KSE-100 has started to show clear signs of strength, indicating that the consolidation phase we had been discussing is gradually giving way to a new bullish phase. The market has spent considerable time moving sideways and absorbing selling pressure, which in our view has allowed it to gather sufficient fuel for a meaningful rally ahead. The recent price action suggests that the correction phase is maturing and the broader bullish trend remains intact. Key Observations 1. Fuel for a sustained rally appears to be in place The lengthy consolidation witnessed over the past several weeks has strengthened the market's foundation. Based on the current structure, we believe the index is preparing to retest the recent high around 175k and is likely to break above it in the near term. 2. June is likely to remain bullish Seasonality, improving momentum, and the current technical setup suggest that June may prove to be a constructive month for equities, with buyers likely to remain in control unless a major external event changes the outlook. 3. Pullbacks should be viewed as opportunities Even within a bullish environment, corrections and pullbacks are natural. During the coming weeks, we may witness temporary declines or profit-taking phases. However, unless accompanied by significant weakness in volume and structure, such declines should be treated as buying opportunities rather than reasons for concern. A short-term pullback during the coming week remains possible, but at present no major signs of weakness are visible on the chart. 4. Focus remains on 175k for now The first objective for the bulls is to reclaim and decisively break above the recent high around 175k, which appears increasingly likely based on the current momentum and market structure. Beyond that, the next major area of interest remains the 191k all-time high zone. However, it would be premature to speculate on a breakout of that level at this stage. Historically, major highs tend to attract significant profit-taking and volatility. Therefore, we will reassess the market structure, momentum, volume profile, and broader conditions once the index approaches that region. For now, our focus remains on the continuation of the current rally and a successful break above the 175k area. Strategy Continue accumulating fundamentally strong stocks. Use short-term weakness and pullbacks as buying opportunities. Focus on quality stocks rather than chasing speculative moves. Remain patient during corrections as they are part of a healthy bullish structure. Keep an eye on sector rotation, as leadership is likely to shift between sectors during the advance. Stance ➡️ Bullish ➡️ 175k zone likely to be tested and broken in the near term ➡️ Pullbacks remain buying opportunities ➡️ Focus on accumulation of quality stocks ➡️ Long-term bull market remains intact