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Sunday, December 8, 2019

KSE 100 - Looking forward Week 50

40900 +/- 100 remains a major resistance which requires a clean break with next expected resistance at 41700 +/- 100. We expect major profit booking to trigger correction which will once again provide dips for buying. Cement, Steel, Food and Pharma is expected to post strength. OEP can see reinforcement on the back of oil rise due to OPEC cuts while refineries may stay under pressure.

Wish you a happy and profitable trading week ahead!

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