Inline with our prediction 40900 +/-100 remained a tough resistance and market broke through it's first support at 40500 +/- 100 points to settle at its second support of 40300 +/- 100 points. Volumes found a boost as prices began to fall demonstrating continued investor interest at PSX. We expect the index to make a strong come back post consolidation.
Commentary on Pakistani Stock and global commodities. Views expressed are own and does not constitute investment advice. Past performance is not indicative of future performance. Use information presented here at your own risk. No liability or responsibility accepted. For any direct queries email to ksepsx@gmail.com
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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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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...
It is an informative post.
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