*KSE 100 INDEX* KSE 100 Index soared in early hours and almost tested our final target located at 127000.00 before massive profit taking occurred on Israel-Iran war news to close 259.56 points negative at 124093.12. We may witness further downside today as the index may target 123616.00 followed by 122525.00 levels. Stability above 120500.00 is essential for the bullish trend to continue targeting 127000.00. Therefore, any pull back should be considered as a buying opportunity above 120500.00. Stability below 120500.00 will start correction towards 119100.00 followed by 118142.00 levels. *By Syed Mohsin Hasan Hashmi* (Topline Securities)