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Wednesday, September 4, 2019

KSE100: Wednesday, September 4, 2019

By: Stock Master
KSE100: Market had key support at 29500 which got overlooked due to continuous falling with low volume in two previous days. After flip-flop a few times, support was honored as bears failed to break, and market made a 500+ points rally with KSE100 volume hitting 107M. The choppy action served plenty of warning and short were covered in time before major damage could be inflicted. For upcoming season, we look forward to market reaction at EMA21. Poor cement sales numbers and long weekend (9&10 Sep) for Ashura holidays means market is not expected to build any solid momentum.

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