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Wednesday, December 18, 2019

KSE 100 - Correction Shall Pass Too!

Index once again tested its weekly channel top at 41900 +/- 100 and dipped for see-saw correction. Change of hands between sectors was witnessed with OEP sector losing appeal on the back of oil saturating at its technical resistance. Its a correction phase once again, and it shall pass too. 

Market capitalization reduced by -92 Bn.PKR on DoD basis, which demonstrates investment outflow from the market. Risk of Bearish tendencies ahead if outflow continue to rise!

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