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Wednesday, May 6, 2020
Week 19-2020 Mid Update
KSE100 has continued to dip since the week opening, treading closer to our third scenario as per the previous update (link-1). Looking forward the trend so far has remained sideways and we expect a moderate dip ahead to act as a refresher and recharge the bulls for taking it to the next resistance level. Support falls at 33600-32800 +/- 100 and resistance remain steady at 34800 - 35500 +/- 100.
Market capitalization has been fluctuating in a narrow range with no significant gains or losses so far.
at May 06, 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 +/- ...