Search This Blog
Friday, January 31, 2020
Week 05-2020 Closing Notes
Index has broken it first band of support at 41800 +/100 (link here) to close lower and expected to continue the dip in days ahead.
WoW basis, average market cap has fallen by another -87.57 billion PKR marking a two weeks continuous streak of value erosion at the bourse.
Looking forward, we expected a moderate uptrend on 3rd and 4th FEB-20 due to futures settlement after which market may resume its downtrend. Reversal is not expected until mid of Feb 2020.
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 +/- ...