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Friday, December 6, 2019
KSE 100 Index - Week 49 Closing
Index remained under pressure and range bound. Re-testing its support at 40500 +/- 100 and resistance at 40900 +/- 100, which remained a tough nut to crack as we predicted. Looking forward we expect see-saw behavior to continue until a clean break and close above 40900 +/- 100.
Views on week 50 will be presented in a separate post.
One of the worst post-COVID19 performances of the markets with obliteration of -2,049.27 points or -4.47%. The free fall breached all sup...
KSE100 closed a second consecutive week in red, making a weekly loss of - 1220.68 points or -2.68% . Our important benchmark of 45500 +/- ...