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Wednesday, December 11, 2019
KSE 100 - Index Update 11 Dec
Trading remained a range bound session with index re-testing 40900 +/- 100 as its upper resistance and 40500 +/- 100 as its lower support once again. Major events today was PIB auction which always carries potential to dent the market ( link here ). This is usual behavior on the day of treasury or bonds auctions and market usually return to normal the next day. We look forward to next trading session before forming an opinion. 40900 +/- remains the tough nut which must crack to open further upside!
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
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