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Friday, January 17, 2020

Week 03-2020 Closing Notes

Market remained under selling pressure due to profit taking and the same trend is expected to continue till end of current month. 

Although average market cap posted whopping growth of +141.56 billion PKR WoW basis, this can be attributed to dead cat bounce and market is expected to remain weak during roll over period. There is party time for short sellers and they are calculating their trades. 

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