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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.
One of the worst post-COVID19 performances of the markets with obliteration of -2,049.27 points or -4.47%. The free fall breached all sup...
KSE100 closed a second consecutive week in red, making a weekly loss of - 1220.68 points or -2.68% . Our important benchmark of 45500 +/- ...