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Wednesday, May 13, 2020
Week 20-2020 Mid Update: The Snake Dance
KSE100 has continued its see-saw behaviour, a hallmark of correction and once again closed above a major resistance of 33600 +/- 100. Instability is expected to continue throughout the consolidation phase as sectors exchange hands. We advise accumulating in favourable sectors which are clinging near to their supports.
A marginal gain of +2 PKR/Billion was observed intraday which registers as neutral impact.
at May 13, 2020
In a rather unorthodox update, today is not about stocks but market capitalization data is updated below. I have taken a break to emotiona...
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...