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Sunday, February 9, 2020
Week 06-2020 Closing Notes
Market continue to post dismal performance in line with our expectations posted earlier.
WoW basis, average market cap fell by a whopping -247.69 billion PKR posting the biggest weekly loss of 2020 so far.
Looking forward we expect the market to bottom out soon which will be an opportunity for patient investor to accumulate. Expected support falls in range of 39800 - 39500 - 38800 +/- 100 points.
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 +/- ...