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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.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
The week started off with the COVID-19 Omicron variant washing global markets into deep red, causing the index to briefly hit its second ma...