22/05/2026
π 3 Things That Will Decide PSX Today π΅π°
Friday, 22 May 2026
π΄ Oil Volatility & Global Tensions
Markets remain volatile amid rising Iran-US tensions and Russia-NATO concerns. However, Brent crude eased near $104.6/bbl, providing relief for Pakistanβs inflation and external account outlook.
π Macro & Economic Cues
Investor sentiment improved after Pakistanβs forex reserves surged to $22.59bn, while IMF described talks with the government as constructive. Positive momentum also emerged from Panda Bond developments, SEZ reforms, and fresh offshore exploration activity.
π Technical Levels & Market Structure
KSE-100 extended bullish momentum and closed at 168,514 (+3,683 pts) after breaking above the 55-EMA.
β’ Resistance: 169,800 (100-SMA)
β’ *Breakout Target: 174,500β177,000*
β’ Support: 165,800
β’ Downside Risk Below Support: 161,600
The formation of a Rising Window signals continuation of bullish momentum, while improving volumes and EMA breakout reinforce the positive outlook.
π° Key Market Impact
π’ Positive β’ Forex reserves jumped to $22.59bn
β’ IMF called talks constructive
β’ OGDC & PPL secured offshore blocks
β’ PSX raised Rs76.3bn in Sukuk auction
β’ Pakistan secured stronger trade & investment momentum
π΄ Concerns β’ Iran-US tensions remain elevated
β’ Circular debt rose by Rs228bn
β’ Textile sector concerns continue
β’ Trade deficit widened by 30%
π Stocks in Focus
1οΈβ£ β OGDC
CMP: 325.82
2οΈβ£ β PPL
CMP: 234.11
3οΈβ£ β MEBL
CMP: 481.45
4οΈβ£ β MTL
CMP : 554.58
5οΈβ£ β SYS
CMP: 151.81
β‘ Technical Pick of the Day
π OGDC
CMP: 325.82
π― Target: 340
π Upside: ~5%
The stock remains strong after offshore block developments and improving energy sector sentiment. Sustaining above key breakout zones keeps bullish momentum intact.
βMomentum strengthens when price confirms above key moving averages.β
TradeFlow Advisors