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Thursday, December 26, 2019

KSE 100 - Index Update 26 Dec

In our previous update, we have mentioned 40900  to remain a tough challenge. Index resisted once at 40900 during intraday and broke it at second attempt. Providing much needed clean break above 40900 to attract bulls attention. 

Looking forward, we expect index to post next intraday resistance at 41900 +/-100 and correction is expected here before opening way to weekly channel top of 42800 +/- 100 points. Fasten your seat belts for a rocky ride!

Market capitalization increased by +94.55 billion PKR on DoD basis which demonstrates fresh capital flow into the market and a breath of life for bulls. 

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