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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.
In a rather unorthodox update, today is not about stocks but market capitalization data is updated below. I have taken a break to emotiona...
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...