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Wednesday, April 1, 2020
Week 14-2020 Mid Update
We reiterate our views posted in previous update ( link ) with 29800-30100 +/-100 being a critical resistance to test the market during the current week.
Capitalization wise, the market has posted a whopping increase of +190.21 billion PKR on Mar-31 which is attributed to March futures settlement in our opinion. The uptrend in capitalization has not shown a consistent pace of growth today with an increase being marginal while the market maintained a see-saw trend intraday. Together these two signals register as signs of exhaustion and we shall watch the market cautiously at its critical resistance.
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 +/- ...